What must the expected return on the market be

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A stock has an expected return of 10.5 percent, its beta is 1.15, and the risk-free rate is 5 percent. What must the expected return on the market be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Market expected return               %

Reference no: EM13766944

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