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Problem 1 3 - 1 3 Using CAPM [ LO 4 ] A stock has a beta of 1 . 1 2 , the expected

Problem 13-13 Using CAPM [LO4]
A stock has a beta of 1.12, the expected return on the market is 10 percent, and the riskfree rate is 3 percent. What must the expected return on this stock be?(Do not round intermediate colculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Expected return
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