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Last year, Netflix earned a 7% return. The market return(S&P500) last year was 10% and the risk-free rate is 3%. Suppose Netflix stock has a

"Last year, Netflix earned a 7% return. The market return(S&P500) last year was 10% and the risk-free rate is 3%. Suppose Netflix stock has a beta of 0.6. Calculate the expected return of Netflix. (Round to two decimal places, unit=%)"

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