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Suppose the expected market return for next month is 0.6% and the risk-free-rate of return is 1.2%. The estimated and monthly of the stock is

Suppose the expected market return for next month is 0.6% and the risk-free-rate of return is 1.2%. The estimated and monthly of the stock is 0.8 and 0.2%. Applying the single-index model, what is the expected return of the stock next month? Please express your final answer as % and keep two decimal places (for example, 1.11%).

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