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please show work to better understand. thank you! Assume that the risk-free rate is 6.5% and the required return on the market is 8%. What

please show work to better understand. thank you!

Assume that the risk-free rate is 6.5% and the required return on the market is 8%. What is the required rate of return on a stock with a beta of 3 ? Round your answer to two decimal places. %

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