Question: Problem 13-14 Using CAPM (LO4] A stock has an expected return of 13.2 percent, the risk-free rate is 8.5 percent, and the market risk premium

Problem 13-14 Using CAPM (LO4] A stock has an expected return

Problem 13-14 Using CAPM (LO4] A stock has an expected return of 13.2 percent, the risk-free rate is 8.5 percent, and the market risk premium is 10 percent. What must the beta of this stock be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Beta of stock

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