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The beta of Ricci Co . ' s stock is 3 and the risk - free rate of return is 9 percent. If the expected

The beta of Ricci Co.'s stock is 3 and the risk-free rate of return is 9 percent. If the expected return on the market is 0.15 percent, then what should investors expect as a return on Ricci Co.? Round your answer to the nearest .0001 without using a percentage sign, for instance 15.234% should be written as 0.1523.

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