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Problem 6-02 Required Rate of Return AA Corporation's stock has a beta of 0.7. The risk-free rate is 5.5% and the expected return on the

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Problem 6-02 Required Rate of Return AA Corporation's stock has a beta of 0.7. The risk-free rate is 5.5% and the expected return on the market is 12%. What is the required rate of return on AA's stock? Round your answer to two decimal places. 5.95

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