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Suppose the riskefree retum is 6.7% and the market portfolio has an expocted retum of 11.8% and a standard deviaton of 16%. Johnsen 8 Johnson

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Suppose the riskefree retum is 6.7% and the market portfolio has an expocted retum of 11.8% and a standard deviaton of 16%. Johnsen 8 Johnson Corporafion stock has a beta of 0.72 . What ia its expocted rotum? The expectod rotum in K. (Round to two docimal places.)

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