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The expected rate of return on Royce stock is 15.00%, 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 15.00%, and the stock has a beta of 1.80. If the expected rate of return on the market portfolio is 11.90%, then what is the risk-free rate? O a. 9.15% O b. 6.17% O c. 10.99% O d. 7.04% e. 8.03%

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