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Suppose Autodesk stock has a beta of 2.10 whereas Costco stock has a beta of 0.72 If the risk-free interest rate is 3 % and

Suppose Autodesk stock has a beta of 2.10 whereas Costco stock has a beta of 0.72 If the risk-free interest rate is 3 % and the expected return of the market portfolio is 13.0 % what is the expected return of a portfolio that consists of 70 % Autodesk stock and 30 % Costco stock, according to the CAPM? The expected return is . (Round to two decimal places.)

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