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The current risk - free rate of return, r R E , is 2 percent and the market risk premium, R P M is 8

The current risk-free rate of return, rRE, is 2 percent and the market risk premium, RPM is 8 percent. If the beta coefficient associated with a firm's stock is 1.8, what should be the stock's required rate of return?
Round your answer to one decimal place.
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