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Stock Y has a beta of 1.2 and an expected return of 11.4%. Stock Z has a beta of 0.80 and an expected return of

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Stock Y has a beta of 1.2 and an expected return of 11.4%. Stock Z has a beta of 0.80 and an expected return of 8.06%. What would the risk-free rate have to be for the two stocks to be correctly priced? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Risk-free rate

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