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Surf and Spray Inc. has a beta equal to 1.8 and a required return of15% based on the CAPM. If the riskminusfree rate of return

Surf and Spray Inc. has a beta equal to 1.8 and a required return of15% based on the CAPM. If the riskminusfree

rate of return is4.2%, the expected return on the market portfolio is

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