A stock has an expected return of 12 percent, its beta is 1.35, and the expected return on the market is 10 percent. What must
| A stock has an expected return of 12 percent, its beta is 1.35, and the expected return on the market is 10 percent. What must the risk-free rate be? (Do not round your intermediate calculations.) |
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Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
