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Surf and Spray Inc. has a beta equal to 1.3 and a required return of 14% based on the CAPM. If the market risk premium

Surf and Spray Inc. has a beta equal to 1.3 and a required return of 14% based on the CAPM. If the market risk premium is 6%, what is the risk-free rate of return (provide your answer in percentage with two decimal places)

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