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Suppose the risk-free return is 5.9% and the market portfolio has an expected return of 8.9% and a standard deviation of 16%, Johnson & Johnson

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Suppose the risk-free return is 5.9% and the market portfolio has an expected return of 8.9% and a standard deviation of 16%, Johnson & Johnson Corporation stock has a beta of 0.30. What is its expected return? The expected retum is(Round to two decimal places)

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