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The common stock of JLK is expected to earn an 11.8 percent return next year. This stock has a risk premium of 7.5 percent. The
The common stock of JLK is expected to earn an 11.8 percent return next year. This stock has a risk premium of 7.5 percent. The inflation rate is projected at 3 percent. What is the expected rate of return on U.S. Treasury bills?
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