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You are building a portfolio, consisting of Stock X, Stock Y, and Stock Z. Stock X has a beta of 0.8, Stock Y has a

You are building a portfolio, consisting of Stock X, Stock Y, and Stock Z. Stock X has a beta of 0.8, Stock Y has a beta of 1.2, and Stock Z has a beta of 1.8. The portfolio consists of 20% Stock X, 45% Stock Y and 35% stock Z. The risk-free rate is 5%, the market return is 11%. What is the required rate of return on the portfolio?

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