A stock has an expected return of 103 percent its beta is, Financial Management

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A stock has an expected return of 103 percent its beta is

A stock has an expected return of 10.3 percent, its beta is 1.02, and the risk-free rate is 6.35 percent.

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What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Expected return %

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Financial Management: A stock has an expected return of 103 percent its beta is

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