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Stock A has a beta of 1.30, and its required return is 12.99%. Stock B's beta is 0.80. If the risk-free rate is 2.85%, what

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Stock A has a beta of 1.30, and its required return is 12.99\%. Stock B's beta is 0.80. If the risk-free rate is 2.85%, what is the required rate of return on B's stock? (Hint: First find the market risk premium.) Do not round your intermediate calculations. a. 10.14% b. 8.56% c. 7.80% d. 9.75% e. 9.09%

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