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If the market risk premium is 3%, the risk-free rate is 2.6% and the beta of a stock is 2.9, what is the expected return

  1. If the market risk premium is 3%, the risk-free rate is 2.6% and the beta of a stock is 2.9, what is the expected return of the stock? (Please answer as a percentage with no percent sign, showing 4 significant digits.)

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