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A manager believes his firm will earn a 13.00 percent return next year. His firm has a beta of 1.52, the expected return on the
A manager believes his firm will earn a 13.00 percent return next year. His firm has a beta of 1.52, the expected return on the market is 10.00 percent, and the risk-free rate is 5.00 percent. Compute the return the firm should earn given its level of risk. (Round your answer to 2 decimal places.) Required return %
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
