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The stock for Company Z has an equity beta of 1.2. The return on Treasury Bills is 1.6% and the return on the the S&P

The stock for Company Z has an equity beta of 1.2. The return on Treasury Bills is 1.6% and the return on the the S&P 500 market index is 8.8%. Based on the information given, what is the required rate of return on Company Z's common stock? Enter you answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234)

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