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REQUIRED RATE OF RETURN Assume that the risk-free rate is 4.5% and the required return on the market is 12%. What is the required rate

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REQUIRED RATE OF RETURN Assume that the risk-free rate is 4.5% and the required return on the market is 12%. What is the required rate of return on a stock with a beta of 2.3? Round your answer to two decimal places. %

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