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Akoto & Associates, a weli-known financial consultants in Ghana estimated the beta and expected retum of Ecobanks stock as 1.8 and 20% respectively, and that

Akoto & Associates, a weli-known financial consultants in Ghana estimated the beta and expected retum of Ecobanks stock as 1.8 and 20% respectively, and that of Standard Chartered bank as I .4 and 17%. If the risk-free rate is 9%, are these securities correctly priced? Would the risk-free rate have to be if they are correctly priced?

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