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The stock of Cleveland-Cliffs Inc. (Ticker: CLF) has a beta of 1.38 and an E(R) = 12.0%. In light of this information and knowing that

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The stock of Cleveland-Cliffs Inc. (Ticker: CLF) has a beta of 1.38 and an E(R) = 12.0%. In light of this information and knowing that U.S. T-Bills return 3%, Rm is equal to: Multiple Choice O 7.99 12.93 O O 9.00 9.83 O 9.52

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