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Problem 11-15 Using CAPM [LO 4] A stock has an expected return of 11 percent, its beta is 0.85, and the risk-free rate is 5.5

Problem 11-15 Using CAPM [LO 4]
A stock has an expected return of 11 percent, its beta is 0.85, and the risk-free rate is 5.5 percent. Required: What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places

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