Question: Using CAPM [LO4] A stock has an expected return of 12.4 percent, its beta is 1.17, and the risk-free rate is 4.2 percent. What must

Using CAPM [LO4] A stock has an expected return of 12.4 percent, its beta is 1.17, and the risk-free rate is 4.2 percent. What must the expected return on the market be? i need step to step expaination why we directly minus beta with expected return

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