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You have decided to buy 600 shares ofFinamaInc. stock with a beta of 2.1.The currentrisk-free rate of return is 2%and the expected return on the

You have decided to buy 600 shares ofFinamaInc. stock with a beta of 2.1.The currentrisk-free rate of return is 2%and the expected return on the market portfolio is 11%. Based on the CAPM, what is your required return on FinamaInc. stock?Submit your answer as a percentage and round to two decimal points (Ex. 0.00%).

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