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Taylor Inc. (PI) common stock has a beta of 1.2. If the expected return on the average stock is 11 percent and the risk-free rate

Taylor Inc. (PI) common stock has a beta of 1.2. If the expected return on the average stock is 11 percent and the risk-free rate is 5 percent, what is the required rate of return for PI? 6.0% 10.44

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