Ivanhoe, Inc., stock has a beta of 1.65. If the expected market return is 17.5 percent and the risk-free rate is 7.5 percent, what does CAPM indicate the appropriate expected return for Ivanhoe stock is? (Round answer to 2 decimal places, e.g. 52.75.)

Expected return for Ivanhoe stock

enter the expected return in percentages rounded to 2 decimal places %

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