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Investors expect the market rate of return this year to be 15.00%. The expected rate of return on a stock with a beta of 1.3

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Investors expect the market rate of return this year to be 15.00%. The expected rate of return on a stock with a beta of 1.3 is currently 19.50%. If the market return this year turns out to be 12.80%, 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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