What must expected return on stock be

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A stock has a beta of 1.09, the expected return on the market is 10.3 percent, and the risk-free rate is 4.8 percent.

What must the expected return on this stock be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return

Reference no: EM131554699

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