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Quantitative Problem: You are given the following information for Wine and Cork Enterprises (WCE): rRF = 3%; rM = 8%; RPM = 5%, and beta

Quantitative Problem: You are given the following information for Wine and Cork Enterprises (WCE): rRF = 3%; rM = 8%; RPM = 5%, and beta = 1.2 What is WCE's required rate of return? Round your answer to 2 decimal places. Do not round intermediate calculations %

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