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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 market portfolio is 0.65. You also know that the standard deviation of BrightLight is 0.653 and the standard deviation of the market is 0.381. The average return on the market is 14 percent and the risk-free rate is 4 percent. BrightLights expected return is [Use CAPM}

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