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A stock has an expected return of 10.9 percent, its beta is 0.96, and the risk-free rate is 6.05 percent. Required: What must the expected
| A stock has an expected return of 10.9 percent, its beta is 0.96, and the risk-free rate is 6.05 percent. |
| Required: |
| What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) |
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M Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
3rd Edition
0077861779, 978-0077861773
