Question
A stock has an expected return of 11 percent, its beta is 1.60, and the expected return on the market is 9 percent. What must
A stock has an expected return of 11 percent, its beta is 1.60, and the expected return on the market is 9 percent. What must the risk-free rate be? (Round your answer to 2 decimal places. (e.g., 32.16))
Risk-free rate | % |
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
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