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Required Rate of Return AA Corporation's stock has a beta of 1.4. The riskfree rate is 5%, and the expected return on the market is

Required Rate of Return

AA Corporation's stock has a beta of 1.4. The riskfree rate is 5%, and the expected return on the market is 12%. What is the required rate of return on AA's stock? Do not round intermediate alculations. Round your answer to one decimal place.

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