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Mulherin's stock has a beta of 0.8, its required return is 14%, and the risk-free rate is 4 %. What is the required rate of

Mulherin's stock has a beta of 0.8, its required return is 14%, and the risk-free rate is 4%. What is the required rate of return on the market? (Two decimal places) (Hint: First find the market risk premium.)

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