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Question 1: The risk-free rate is 1%. The market risk premium is 5%. The value premium is 3%. An asset manager wants you to invest

Question 1: The risk-free rate is 1%. The market risk premium is 5%. The value premium is 3%. An asset manager wants you to invest in her fund. She runs some sort of value fund. Her CAPM beta is 0.8 and her HML beta is 1.2. What minimum expected return does she need to generate in order for you to be interested in investing with her?

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