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The market risk premium is 1 5 . 3 % and the risk - free rate is 2 % . The beta of the stock

The market risk premium is 15.3% and the risk-free rate is 2%. The beta of the stock is 1.29. What is the required return of the stock? Enter you answer as a percentage. Do not include a percent sign in your answer. Enter your answer rounded to 2 DECIMAL PLACES.
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