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Required Rate of Return AA Corporation's stock has a beta of 0.7. The risk-free rate is 6.5% and the expected return on the market is

Required Rate of Return

AA Corporation's stock has a beta of 0.7. The risk-free rate is 6.5% and the expected return on the market is 11%. What is the required rate of return on AA's stock? Round your answer to two decimal places.

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