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Suppose the risk-free retum is 3.5% and the market portfolio has an expected return of 10.4% and a standard deviation of 16%. Johnson & Johns

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Suppose the risk-free retum is 3.5% and the market portfolio has an expected return of 10.4% and a standard deviation of 16%. Johnson & Johns Corporation stock has a beta of 0.33. What is its expected retum? The expected return is 1% (Round to two decimal places.)

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