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hr industries (HRI) has a beta of 1.3 HR Industries (HRI) has a beta of 1.3, while LR Industries's (LRI) beta is 0.9. The risk-free

hr industries (HRI) has a beta of 1.3
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HR Industries (HRI) has a beta of 1.3, while LR Industries's (LRI) beta is 0.9. The risk-free rate is 6%, and the required rate of return on an average he expected rate of inflation built into rRF falls by 1.5 percentage points; the real risk-free rate remains constant; the required r on the market falls to 10.5%; and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI an LR1? Round your answer to two decimal places. 20. 0

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