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Problem 6-12 Required Rate of Return Stock R has a beta of 1.1, Stock S has a beta of 0.80, the expected rate of return

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Problem 6-12 Required Rate of Return Stock R has a beta of 1.1, Stock S has a beta of 0.80, the expected rate of return on an average stock is 9%, and the risk-free rate is 7%. By how much does the required return on the riskier stock exceed that on the less risky stock? Round your answer to two decimal places. 2.80 %

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