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Stock A has a beta of 1 . 3 0 , and its required return is 1 1 . 7 6 % . Stock B

Stock A has a beta of 1.30, and its required return is 11.76%. Stock B's beta is 0.80. If the risk-free rate is 2.40%, what is the required rate of return on B's stock? (Hint: First find the market risk prer intermediate calculations.
a.7.20%
b.7.72%
nswered
8.16%
d.8.71%
e.9.36%
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