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(Using the CAPM to find expected returns) Breckenridge, Inc., has a beta of .85. If the expected market portfolio return is 10.5 percent and the

(Using the CAPM to find expected returns) Breckenridge, Inc., has a beta of .85. If the expected market portfolio return is 10.5 percent and the risk-free rate is 3.5 percent, what is the appropriate expected return of Breckenridge (using the CAPM)?

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