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Use the following information to answer the question(s) below. Company Ticker Beta Ford Motor Company F 2.77 International Business Machines IBM 0.73 Merck MRK

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Use the following information to answer the question(s) below. Company Ticker Beta Ford Motor Company F 2.77 International Business Machines IBM 0.73 Merck MRK 0.90 If the expected return on the market is 11% and the expected return of investing in Merck is 10.35%, then the risk-free rate must be:

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