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Suppose Peloton companys stock has a beta of 1.35 and a required rate of return for the stock is 8%. If the average market return

Suppose Peloton companys stock has a beta of 1.35 and a required rate of return for the stock is 8%. If the average market return is 13%, what is the risk free rate of return? (Round your answer to 2 decimal point)

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