9) Apple, a dealer of high-end consumer electronics, is 75% more sensitive to market returns than the average stock and has a required return of 10.5%. On the other hand, Target, a dealer of retail necessity goods, is two-thirds as sensitive to market returns as the market portfolio and has a required return of 5.3%. Assuming the market is in equilibrium, calculate the price of a T-bill today.

9) Apple, a dealer of high-end consumer electronics, is 75% more sensitive to market returns than the average stock and has a required return of 10.5%. On the other hand, Target, a dealer of retail necessity goods, is two-thirds as sensitive to market returns as the market portfolio and has a required return of 5.3%. Assuming the market is in equilibrium, calculate the price of a T-bill today. 9) Apple, a dealer of high-end consumer electronics, is 75% more sensitive to market returns than the average stock and has a required return of 10.5%. On the other hand, Target, a dealer of retail necessity goods, is two-thirds as sensitive to market returns as the market portfolio and has a required return of 5.3%. Assuming the market is in equilibrium, calculate the price of a T-bill today