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John knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market
John knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 8.50 percent. What is the expected return on Johns portfolio? Round answer to 2 decimal places.
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