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QUESTION 23 Porterhouse Inc. stock has an expected return of 12.4 and a beta of 1.03, and is in equilibrium. If the risk free rate

QUESTION 23 Porterhouse Inc. stock has an expected return of 12.4 and a beta of 1.03, and is in equilibrium. If the risk free rate is 4.5%, what is the market risk premium? % (to two decimal places)

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