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You know the following about the company and the general economy / market: The average market return for stocks has been 9 % . U

You know the following about the company and the general economy/market: The average market return for stocks has been 9%. U.S. Treasury Bonds are paying 4%. The company's stock price is $25. Your bank would charge 8% for a loan. The company's Beta is 0.8. What is the Required Return investors should demand? (state your answer in two decimals ex: answer as .18 NOT 18%)

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