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Tom is managing a $ 1 0 million portfolio that has a beta of 1 . 2 5 and a required rate of return of
Tom is managing a $ million portfolio that has a beta of and a required rate of return of The current riskfree rate is Assume that Tom receives another $ million. If Tom invests the money in a stock with a beta of what will be the required return on Toms million portfolio?
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