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Required Rate of Return AA Corporation's stock has a beta of 0.9. The risk-free rate is 4%, and the expected return on the market is

Required Rate of Return

AA Corporation's stock has a beta of 0.9. The risk-free rate is 4%, and the expected return on the market is 8%. What is the required rate of return on AA's stock? Do not round intermediate calculations. Round your answer to one decimal place.

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