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The slope of the risk-return graph for the market portfolio is 7.0%. The risk-free rate in the economy is 2.8%. Stock K has a beta

The slope of the risk-return graph for the market portfolio is 7.0%. The risk-free rate in the economy is 2.8%. Stock K has a beta of -0.4. What is the expected annual return for Stock K? Write your answer out to four decimal places

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