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A manager believes his firm will earn a 14 percent return next year. His firm has a beta of 1.5, the expected return on the
A manager believes his firm will earn a 14 percent return next year. His firm has a beta of 1.5, the expected return on the market is 12 percent, and the risk-free rate is 4 percent.
Required return
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
