Question: Using CAPM, what is the required return on Beyond Meat, a producer of plant - based meat substitutes, if the stock's beta is 1 .

Using CAPM, what is the required return on Beyond Meat, a producer of plant-based meat substitutes, if the stock's beta is 1.2, the risk-free rate is 3.8% and you expect the return on the market will be 8.8%? Round your answer to two decimal places.

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