Question: 7.According to CAPM, what must be the expected return (not excess return) on the market portfolio when T-bills yield 1.2% and the expected return (not

7.According to CAPM, what must be the expected return (not excess return) on the market portfolio when T-bills yield 1.2% and the expected return (not "excess return") on a stock with a beta of 1.23 is 9.9%? (answer in percent but without the percent sign)

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