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The stock of Cleveland-Cliffs Inc. (Ticker: CLF) has a beta of 1.26 and an E(R) = 11.4%. In light of this information and knowing that

The stock of Cleveland-Cliffs Inc. (Ticker: CLF) has a beta of 1.26 and an E(R) = 11.4%. In light of this information and knowing that U.S. T-Bills return 3%, Rm is equal to:

Multiple Choice

8.40
9.02
9.67
8.26
12.21

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