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Item9 1.76points ItemSkipped Item 9 A stock with a beta of 1.1 has an expected rate of return of 12%. If the market return this

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  • A stock with a beta of 1.1 has an expected rate of return of 12%. If the market return this year turns out to be 9 percentage points below expectations, what is your best guess as to the rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)

Stock return

%

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