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You wish to use CAPM to calculate the expected return on a stock. With a beta of 0.7, the current market return is 8.80 percent

You wish to use CAPM to calculate the expected return on a stock. With a beta of 0.7, the current market return is 8.80 percent and the risk-free rate is 1.00 percent. What is the expected return (in % with two decimal places)?

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