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The stock of Martin Industries has a beta of 0.8. The risk-free rate of return is 5.4% and the market risk premium is 12%. What

The stock of Martin Industries has a beta of 0.8. The risk-free rate of return is 5.4% and the market risk premium is 12%. What is the expected rate of return in percentage? (Please do not round your intermediate calculations. Round only, if necessary, your final answer to two decimal places and enter it without the percentage (%) sign).

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