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Problem 13-14 Using CAPM (L04) A stock has an expected return of 12 percent, the risk-free rate is 5 percent, and the market risk premium

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Problem 13-14 Using CAPM (L04) A stock has an expected return of 12 percent, the risk-free rate is 5 percent, and the market risk premium is 7 percent. What must the beta of this stock be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Beta of stock

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