10.37 Johnson Paint stock has an expected return of 19 percent with a beta of 1.7, while...

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10.37 Johnson Paint stock has an expected return of 19 percent with a beta of 1.7, while Williamson Tire stock has an expected return of 14 percent with a beta of 1.2. Assume the CAPM is true. What is the expected return on the market? What is the risk-free rate?

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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