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Use CAPM formula to find the required rate of return on the TJMax stock. The risk-free rate is 5.0%, the market return is 11.0%, and

Use CAPM formula to find the required rate of return on the TJMax stock. The risk-free rate is 5.0%, the market return is 11.0%, and the firm has a beta of 1.30 . Round your answer to two decimal places

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