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UTC Company's stock has a beta of 1.5, the risk-free rate is 3%, and the market risk premium is 8%. What is the firm's required

UTC Company's stock has a beta of 1.5, the risk-free rate is 3%, and the market risk premium is 8%. What is the firm's required rate of return?

11.65%

11.95%

12.25%

12.55%

15.00%

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