Question: s an equity analyst you are concerned with what will happen to the required return to Universal Toddler' stock as market conditions change. Suppose rRF

s an equity analyst you are concerned with what will happen to the required return to Universal Toddler' stock as market conditions change. Suppose rRF = 6%, rM = 8%, and bUT = 2.2. Under current conditions, what is rUT, the required rate of return on UT Stock? Round your answer to two decimal places.

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