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A stock has an expected return of 13.5 percent, its beta is 1.85, and the expected return on the market is 10 percent. What must
| A stock has an expected return of 13.5 percent, its beta is 1.85, and the expected return on the market is 10 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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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
