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Problem 6-02 Required Rate of Return AA Corporation's stock has a beta of 2.4. The risk-free rate is 4% and the expected return on the

Problem 6-02 Required Rate of Return AA Corporation's stock has a beta of 2.4. The risk-free rate is 4% and the expected return on the market is 1096. What is the required rate of return on AA's stock? Round your answer to two dedimal places. %

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