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The risk-free rate is 3.2% and you believe that the S&P 500's excess return will be 11.3% over the next year. If you invest in

The risk-free rate is

3.2%

and you believe that the S&P 500's excess return will be

11.3%

over the next year. If you invest in a stock with a beta of

1.5

(and a standard deviation of

30%),

what is your best guess as to its expected excess return over the next year?

The expected excess return over the next year is?

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