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Niendorf Corporation's stock has a required return of 13.00%, the risk-free rate is 3.00% and the market risk premium is 5.00%. Now suppose there is

Niendorf Corporation's stock has a required return of 13.00%, the risk-free rate is 3.00% and the market risk premium is 5.00%. Now suppose there is a shift in investor risk aversion, and the market risk premium increases by 2.00%. What is Niendorf's new required return?

Please explain steps for using with a financial calculator. The correct answer is 17%, but I would like a step by step explanation.

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