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Required Rate of Return AA Corporation's stock has a beta of 1.0. The risk-free rate is 4%, and the expected return on the market is

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Required Rate of Return AA Corporation's stock has a beta of 1.0. The risk-free rate is 4%, and the expected return on the market is 13%. What is the required rate of return on AA's stock? Do not round intermediate calculations. Round your answer to two decimal places

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