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Suppose a company in the car industry has a beta of 1.25. The expected return of the market is 11.70% and the risk free rate

Suppose a company in the car industry has a beta of 1.25. The expected return of the market is 11.70% and the risk free rate is 6.92. What is the required rate of return based on the capital asset pricing model? Report answer as a percentage rounded to 2 decimal places

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