Stock has expected return-risk-free rate and beta

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A stock has an expected return of 13.1 percent, its beta is 1.70, and the risk-free rate is 2.6 percent. What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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Reference no: EM131183338

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