Problem 6-20 (Algo) Required: Investors expect the market rate of return this year to be 18.00%. The
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Problem 6-20 (Algo) Required: Investors expect the market rate of return this year to be 18.00%. The expected rate of return on a stock with a beta of 1.7 is currently 30.60%. If the market return this year turns out to be 16.00%, how would you revise your expectation of the rate of return on the stock? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
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