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The stock has a beta compared to the market of 0.8, which means it is less risky than a market portfolio. Also, assume that the

The stock has a beta compared to the market of 0.8, which means it is less risky than a market portfolio. Also, assume that the risk-free rate is 3% and this investor expects the market to rise in value by 8% per year. What is the expected return of the stock based on the CAPM formula? The answer has no decimal and be in percentage.

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