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Problem 10-7 CAPM Required Return (LG10-3) Hastings Entertainment has a beta of 0.53. If the market return is expected to be 14.70 percent and the

Problem 10-7 CAPM Required Return (LG10-3)

Hastings Entertainment has a beta of 0.53. If the market return is expected to be 14.70 percent and the risk-free rate is 4.70 percent, what is Hastings required return? (Round your answer to 2 decimal places.)

Hastings required return

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