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If the risk free rate is 3%, the expected return on the market portfolio is 12% and the beta of Stock B is 1.3,

If the risk free rate is 3%, the expected return on the market portfolio is 12% and the beta of Stock B is 1.3, what is the required rate of return for Stock B according to the Capital Asset Pricing Model (CAPM)? (Round your answer rounded to one decimal place and record without a percent sign).

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