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The expected rate of return on Royce stock is 13.50%, and the stock has a beta of 1.80. If the expected rate of return on

The expected rate of return on Royce stock is 13.50%, and the stock has a beta of 1.80. If the expected rate of return on the market portfolio is 11.20%, then what is the risk-free rate? a. 9.49% b. 6.40% c. 8.33% d. 7.30% e. 11.41%

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