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Problem 12-1 Stock Betas(LO3, CFA2) A stock has an expected return of 15.7 percent, the risk-free rate is 3.9 percent, and the market risk premium

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Problem 12-1 Stock Betas(LO3, CFA2) A stock has an expected return of 15.7 percent, the risk-free rate is 3.9 percent, and the market risk premium is 8.5 percent. What must the beta of this stock be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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