Question: ABC, Inc., has a beta of 2.12. The risk-free rate is 4.29% and the market risk premium is 8.42%. What is the required rate of

 ABC, Inc., has a beta of 2.12. The risk-free rate is

ABC, Inc., has a beta of 2.12. The risk-free rate is 4.29% and the market risk premium is 8.42%. What is the required rate of return on ABC 's stock? Note: Convert your answer to percentage and round off to two decimal points

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