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HBS, Inc. has a growth rate of 6 percent and is equally as risky as the market. The stock is currently selling for $15 a

HBS, Inc. has a growth rate of 6 percent and is equally as risky as the market. The stock is currently selling for $15 a share. The overall stock market has a 12 percent rate of return and a risk premium of 9 percent. What is the expected rate of return on HBSs stock?

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