A stock has an expected return of 11.5 percent, its beta is 1.09, and the expected return

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A stock has an expected return of 11.5 percent, its beta is 1.09, and the expected return on the market is 10.8 percent. What must the risk-free rate be?

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Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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