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Investors expect the market rate of return this year to be 13.00%. The expected rate of return on a stock with a beta of 1.6
Investors expect the market rate of return this year to be 13.00%. The expected rate of return on a stock with a beta of 1.6 is currently 20.80%. If the market return this year turns out to be 11.40%, how would you revise your expectation of the rate of return on the stock? (Round your answer to 1 decimal place.)
Revised rate of return %
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