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The risk-free rate is 1.1% and the market return is 16.4%. The betaof the stock is 1.78. What is the required return of the stock?

The risk-free rate is 1.1% and the market return is 16.4%. The betaof the stock is 1.78. What is the required return of the stock? Enter you answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percent sign in your answer.

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