What must the expected return on market be

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A stock has an expected return of 11.9 percent, its beta is .94, and the risk-free rate is 5.95 percent.

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

Market expected return             %

Reference no: EM132064108

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