Assume that the risk-free rate is 5.5% and the expected return on the market is 13%. What is the required rate of return on a stock with a beta of 1.3? Round your answer to two decimal places.
Assume that the risk-free rate is 5.5% and the expected return on the market is 13%. What is the required rate of return on a stock with a beta of 1.3? Round your answer to two decimal places.