A stock has an expected return of 13 percent its beta is


A stock has an expected return of 13 percent, its beta is 1.45, and the expected return on the market is 10.5 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.)

Risk-free rate %

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Financial Management: A stock has an expected return of 13 percent its beta is
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