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Parr Paper's stock has a beta of 1 . 1 5 , and its required return is 6 % . Clover Dairy's stock has a

Parr Paper's stock has a beta of 1.15, and its required return is 6%. Clover Dairy's stock has a beta of 1.69. If the risk-free rate is 4.3%, what is the required rate of return on Clover's stock? (Hint: First find the market risk premium.)

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