Question: Problem 11-13 Using CAPM [LO 4] A stock has a beta of 1.22, the expected return on the market is 12 percent, and the risk-free
Problem 11-13 Using CAPM [LO 4] A stock has a beta of 1.22, the expected return on the market is 12 percent, and the risk-free rate is 4.65 percent. Required: What must the expected return on this stock be? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Expected return %
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