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Radagast Inc. has 1 million common shares outstanding, with each share priced at $12. The companys equity beta is 2. What is the expected return

Radagast Inc. has 1 million common shares outstanding, with each share priced at $12. The companys equity beta is 2. What is the expected return on the companys shares if the risk-free rate is 5% and the market risk premium is 8%? Select one: a. 5% b. 8% c. 13% d. 21% e. 31%

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