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Rock Hard Bagels, Inc. common stock has a beta of 3.25. If the return on the S&P 500 is expected to be 14% and the

Rock Hard Bagels, Inc. common stock has a beta of 3.25. If the return on the S&P 500 is expected to be 14% and the risk-free rate is 5.5%, what is Rock Hard Bagels' expected return?

a. 33.13%

b. 51.00%

c. 22.75%

d. 45.50%

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