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Please show all the steps thank you :) 33. Using the given data, calculate the required rate of return for the stock: The current risk

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33. Using the given data, calculate the required rate of return for the stock: The current risk free rate is 2.0% and the current market risk premium is 9.5%. If a firm has a beta of 0.85, what is the firm's required rate of return on equity? (6 pts)

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