A stock has an expected return of 12 percent its beta is, Financial Management

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A stock has an expected return of 12 percent its beta is

A stock has an expected return of 12 percent, its beta is 1.70, and the expected return on the market is 9.4 percent. What must the risk-free rate be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Financial Management: A stock has an expected return of 12 percent its beta is

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