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NanoTech is a biotechnology firm focusing on drug discovery and vaccine technology. The firm has currently a levered fundamental beta of -0.55. If the risk-free

NanoTech is a biotechnology firm focusing on drug discovery and vaccine technology. The firm has currently a levered fundamental beta of -0.55. If the risk-free rate is 3% and you expect the market return to be 10%, what is the expected required rate of return for this stock?

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