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Panther Inc has a Beta of 1.21 at a time when the expected market return is 10.6% and the risk free rate is 1.6%. What

Panther Inc has a Beta of 1.21 at a time when the expected market return is 10.6% and the risk free rate is 1.6%. What is Panther's expected return?

(Enter your response as a percentage with two decimal places, ex: 12.34)

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