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The beta for Tinley Park Corporation's common stock is 1.25. The annual stock market risk premium is 6.7%, and the risk-free interest rate is 2.8%

The beta for Tinley Park Corporation's common stock is 1.25. The annual stock market risk premium is 6.7%, and the risk-free interest rate is 2.8% per year. According to the security market line (SML) technique, what annual average rate of return is expected on the stock market as a whole?

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