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HCB is a highly cyclical firm. If the risk-free rate is 4%; HCB's Beta is equal to 1.8, and the market's expected return is 10%,
HCB is a highly cyclical firm. If the risk-free rate is 4%; HCB's Beta is equal to 1.8, and the market's expected return is 10%, then HCB's expected return E(THBC) will be: a. 18.0% O b. 14.0% c. 10.8% O d. 14.8%
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