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Problem 13-13 Using CAPM (LO1, 4) A stock has a beta of 1.15, the expected return on the market is 11.9%, and the risk-free

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Problem 13-13 Using CAPM (LO1, 4) A stock has a beta of 1.15, the expected return on the market is 11.9%, and the risk-free rate is 5.4%. What must the expected return on this stock be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Expected return %

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