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Required Rate of Return AA Industries's stock has a beta of 0.8. The risk-free rate is 6.5%, and the expected return on the market is

Required Rate of Return AA Industries's stock has a beta of 0.8. The risk-free rate is 6.5%, and the expected return on the market is 8%. What is the required rate of return on AA's stock? Round your answer to two decimal places.

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