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Stock A has a beta of 0.65 and an expected retum of 7%. Stock B has a bota of 1.22 and an expected return of

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Stock A has a beta of 0.65 and an expected retum of 7%. Stock B has a bota of 1.22 and an expected return of 11%. If CAPM holds, what should the return on the market be? The expected market return is % (Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.)

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