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Semitool Corp. has an expected excess return of 6 % for next year. However, for every unexpected 1 % change in the market, Semitool's return

Semitool Corp. has an expected excess return of 6% for next year. However, for
every unexpected 1% change in the market, Semitool's return responds by a factor of 1.2.
Suppose it turns out that the economy and the stock market do better than expected by
1.5% and Semitool's products experience more rapid growth than anticipated, pushing up
the stock price by another 1%. Based on this information, what was Semitool's actual
excess return?
A)8.5%
B)7%
C)8.8%
D)9.25%
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