10.23 please explain the answer and show ALL calculation used to get that answer ...
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10.23 please explain the answer and show ALL calculation used to get that answer
10.23 Holup, Inc., makes pneumatic equipment. The beta of Holup's stock is 1.2. The expected mar- ket risk premium is 8.5 percent, and the current risk-free rate is 6 percent. Assume the capital-asset-pricing model holds. What is the expected return on Holup's stock
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