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The returns on Magee Company's stock have a standard deviation of 30% and a correlation with the returns on the market portfolio of 0.8. The

The returns on Magee Company's stock have a standard deviation of 30% and a correlation with the returns on the market portfolio of 0.8. The standard deviation of the market portfolio's returns is 20%. The risk-free rate is 3% and the market risk premium is 6%. What is Magee's required return according to the CAPM

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