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How do you work this problem step by step using a calculator? Investors expect the market rate of return this year to be 16.00%. The
How do you work this problem step by step using a calculator?
Investors expect the market rate of return this year to be 16.00%. The expected rate of return on a stock with a beta of 0.8 is currently 12.80%. If the market return this year turns out to be 14.00%. how would you revise your expectation of the rate of return on the stock? (Round your answer to 1 decimal place.) Revised rate of return %Step by Step Solution
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