Question
A stock has an expected return of 11.9 percent, its beta is 0.94, and the risk-free rate is 5.95 percent. Required: What must the expected
A stock has an expected return of 11.9 percent, its beta is 0.94, and the risk-free rate is 5.95 percent.
Required: What must the expected return on the market be? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)
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International Finance
Authors: Keith Pilbeam
2nd Edition
0333730976, 978-0333730973
