Apex Roofing's stock has a beta of 1.50, its required return is 14.00%, and the risk-free rate

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Apex Roofing's stock has a beta of 1.50, its required return is 14.00%, and the risk-free rate is 5.00%. What is the required rate of return on the stock market?

1. 10.50%

2. 11.00%

3. 11.50%

4. 12.00%

5. 12.50%

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Apr 30, 2013 07:53 AM

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Apex Roofing's stock has a beta of 1.50, its required return is 14.00%, and the risk-free rate

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Fundamentals of Financial Management

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