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What is the risk premium for Litchfield Design stock if the stock has a beta of 1.6, the expected return on the market is 15.61

What is the risk premium for Litchfield Design stock if the stock has a beta of 1.6, the expected return on the market is 15.61 percent, the risk-free rate is 3.79 percent, and inflation is 2.52 percent? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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