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Stock X has a beta of 1.1. If the risk free rate is 2.3 percent and the market risk premium for the average share of

Stock X has a beta of 1.1. If the risk free rate is 2.3 percent and the market risk premium for the average share of stock is 12.9 percent, what is the expected return for Stock X under the Capital Asset Pricing Model assumptions? (show your answer in decimal form: 12.34% would be entered as 0.1234)

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