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Nanometrics, Inc. has a beta of 3.80. If the market return is expected to be 11.25 percent and the risk-free rate is 5.00 percent, what

Nanometrics, Inc. has a beta of 3.80. If the market return is expected to be 11.25 percent and the risk-free rate is 5.00 percent, what is Nanometrics required return? (Round your answer to 2 decimal places.)

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