Question: (Using the CAPM to find expected returns) Genetech GmbH is a Munich-based research firm that has a .685 beta. If the market portfolio return is

(Using the CAPM to find expected returns) Genetech GmbH is a Munich-based research firm that has a .685 beta. If the market portfolio return is 10 percent and the risk-free rate is 5 percent, what is the approximate expected rate of return for Genetech (using the CAPM)?

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