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QUESTION 18 A stock has an expected return of 12 5 percent, a beta of 2, and the return on the market is 8 percent

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QUESTION 18 A stock has an expected return of 12 5 percent, a beta of 2, and the return on the market is 8 percent What must the risk-free rate be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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