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Bandwagon stock has a beta of 1.21. The risk-free rate of return is 3.14 percent and the market risk premium is 7.92 percent. What is

Bandwagon stock has a beta of 1.21. The risk-free rate of return is 3.14 percent and the market risk premium is 7.92 percent. What is the expected rate of return on this stock?

Multiple Choice

  • 13.05 percent

  • 12.39 percent

  • 14.13 percent

  • 12.72 percent

  • 14.63 percent

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