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Suppose that Xyler Inc.'s beta is estimated to be 0.96. If the expected return on the market is 7% and the risk-free rate is

Suppose that Xyler Inc.'s beta is estimated to be 0.96. If the expected return on the market is 7% and the risk-free rate is 2%, what is the closest estimate of the discount rate that Xyler should use for stock valuation?

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