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Semitool Corp. has an expected excess return of 2 0 % for next year. However, for every unexpected 1 % change in the market, Semitool's
"Semitool Corp. has an expected excess return of for next year. However, for every unexpected change in the market, Semitool's return responds by a factor of Suppose it turns out that the economy and the stock market do better than expected by and Semitool's products experience more rapid growth than anticipated, pushing up the stock price by another Based on this information, what was Semitool's actual excess return? Note: Express your answers in strictly numerical terms. For example, if the answer is write
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