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The Neptune Tool Company is expected to pay $1.50 as a dividend in the upcoming year. The risk free rate of return is 6.00% and

The Neptune Tool Company is expected to pay $1.50 as a dividend in the upcoming year. The risk free rate of return is 6.00% and expected return on the market portfolio is 14.00%. Analysts expect the price of Neptune Tool shares to be $29.00 a year from now. Beta of the stock is currently 1.40. What is the appropriate required rate of return for Neptune using the CAPM?

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