Beales required return exceed foleys required return

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Beale Manufacturing Company has a beta of 1.8, and Foley Industries has a beta of 0.85. The required return on an index fund that holds the entire stock market is 8%. The risk-free rate of interest is 6.5%. By how much does Beale's required return exceed Foley's required return? Round your answer to two decimal places.

Reference no: EM131510198

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