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Hocking Manufacturing Company has a beta of 0.65, while Levine Industries has a beta of 1.35. The expected return on the stock market portfolio is

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Hocking Manufacturing Company has a beta of 0.65, while Levine Industries has a beta of 1.35. The expected return on the stock market portfolio is 11.00%, and the risk-free rate is 4.25%. What is the difference between Hocking's and Levine's required rates of return? (Hint: find the required returns on the stocks and then take the difference)

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