For a Corporation stock, last year with a risk-free rate of 4.1% and a market...

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Finance

For a Corporation stock, last year with a risk-free rate of 4.1% and a market risk premium of 8.2%, the expected rate of return was 14.7%. This year, the market-risk premium decreases by 1% but the stock's beta and the risk-free rate remain the same. Answer as a percent to two places.

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