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The risk-free rate is 4% and the expected rate of return on the market portfolio is 9%. a. Calculate the required rate of return on

The risk-free rate is 4% and the expected rate of return on the market portfolio is 9%. a. Calculate the required rate of return on a security with a beta of 1.21. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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