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11. Problem 8.11 (CAPM and Required Return) Calculate the required rate of return for Mudd Enterprises assuming that investors expect a 3.6% rate of Inflation

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11. Problem 8.11 (CAPM and Required Return) Calculate the required rate of return for Mudd Enterprises assuming that investors expect a 3.6% rate of Inflation in the future. The real risk-free rate is 1.0%, and the market risk premium is 7.0%. Mudd has a beta of 2.1, and its realized rate of return has averaged 15.0% over the past 5 years. Round your answer to two decimal places

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