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The stock of Delta Electrical, Inc., has a beta of .98. The market risk premium is 9 percent and the risk-free rate is 2.4 percent.

The stock of Delta Electrical, Inc., has a beta of .98. The market risk premium is 9 percent and the risk-free rate is 2.4 percent. What is the expected return on this stock?

A. 8.91 percent B. 9.43 percent C. 10.67 percent D. 11.22 percent E. 13.22 percent

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