Question

Essentials of Corporate Finance please help…. 11

A stock has a beta of 1.14, the expected return on the market is 10.8 percent, and the risk-free rate is 4.55 percent.

Required:

What must the expected return on this stock be? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

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