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Suppose the risk-free return is 4.39%, and the market portfolio has an expected return of 9.87% and a standard deviation of 16.07%. Pepsico stock has
Suppose the risk-free return is 4.39%, and the market portfolio has an expected return of 9.87% and a standard deviation of 16.07%. Pepsico stock has a beta of 0.68.
What is its expected return?
(Round to two decimal places)
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