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Stock R has a beta of 2 . 5 , Stock S has a beta of 0 . 5 5 , the required return on

Stock R has a beta of 2.5, Stock S has a beta of 0.55, the required return on an average stock is 13%, and the risk-free rate of return is 3%. By how much does the
required return on the riskier stock exceed the required return on the less risky stock? Round your answer to two decimal places.
%
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