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Suppose the risk-free return is 2.8% and the market portfolio has an expected return of 11.5% and a voatility of 12.4%. Merck & Co. (Ticker:
Suppose the risk-free return is 2.8% and the market portfolio has an expected return of 11.5% and a voatility of 12.4%. Merck \& Co. (Ticker: MRK) stock has a 17.9% volatility and a correlation with the market of 0.041 . a. What is Merck's beta with respect to the market? b. Under the CAPM assumptions, what is its expected return
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