What must the expected return on the market

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A stock has an expected return of 13.3 percent, its beta is 1.50, and the risk-free rate is 4.0 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.)

Reference no: EM131021850

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