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Problem b 02 Required Rate of Return AA Corporation's stock has a beta of 0.8. The risk free rate is 6% and the expected return

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Problem b 02 Required Rate of Return AA Corporation's stock has a beta of 0.8. The risk free rate is 6% and the expected return on the market is 13%. What is the required rate of return on AA's stock? Round your answer to two decimal places

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