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A stock has an expected return of 13.3 percent and a beta of 1.19, and the expected return on the market is 12.3 percent. Required:
| A stock has an expected return of 13.3 percent and a beta of 1.19, and the expected return on the market is 12.3 percent. |
| Required: |
| What must the risk-free rate be? |
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
