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If the market premium is 6.45 percent, the risk-free rate is 4.88 percent, the inflation rate is 1.11 percent, and Middlefield Motors common stock has

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If the market premium is 6.45 percent, the risk-free rate is 4.88 percent, the inflation rate is 1.11 percent, and Middlefield Motors common stock has a beta of 1.6, then what is the expected return for Middlefield Motors stock? Answer as a rate in decimal format so that 12.34% would be entered as 1234 and 0.98% would be entered as .0098

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