Palladian Records has a beta of 0.8. The current T -bond rate is 2.4 %. The annual return on the stock market during the past 3 years was 7.7 %, but investors expect the annual future stock market...

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Extracted text: Palladian Records has a beta of 0.8. The current T -bond rate is 2.4 %. The annual return on the stock market during the past 3 years was 7.7 %, but investors expect the annual future stock market return to be 7.1 %. Based on the CAPM, what is the firm's required return?