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The correlation between the returns of BrightLight and the return on the market portfolio is 0 . 6 5 . You also know that the
The correlation between the returns of BrightLight and the return on the marketportfolio is You also know that the standard deviation of BrightLight is andthe standard deviation of the market is The average return on the market is percent and the riskfree rate is percent. BrightLights expected return is Use CAPM
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