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Required Rate of Return As an equity analyst you are concerned with what will happen to the required return to Universal Toddler Industries stock as

Required Rate of Return

As an equity analyst you are concerned with what will happen to the required return to Universal Toddler Industries stock as market conditions change. Suppose rRF = 6%, rM = 13%, and bUTI = 1.8.

Under current conditions, what is rUTI, the required rate of return on UTI Stock? Round your answer to two decimal places. %

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