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I'm taking a business course (BUSN 602) and I have this problem. Not sure how to solve. Suppose Paycheck, Inc., has a beta of 1.27.

I'm taking a business course (BUSN 602) and I have this problem. Not sure how to solve.

Suppose Paycheck, Inc., has a beta of 1.27. If the market return is expected to be 14.70 percent and the risk-free rate is 5.70 percent, what is Paycheck's risk premium?(Round your answer to 2 decimal places.)

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