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Stock A has a Beta of 1.5. The risk-free rate is 1.9% and the market portfolio is expected to return 10.9%. Use the CAPM to
Stock A has a Beta of 1.5. The risk-free rate is 1.9% and the market portfolio is expected to return 10.9%. Use the CAPM to find the stock's equilibrium expected return. Express your answer as a percentage with 3 digits after the decimal point, but omit the % sign.
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