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Calculate the CAPM expected return for Andante Ltd using the information below. All information is forward-looking and stated in annual terms. The risk free rate

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Calculate the CAPM expected return for Andante Ltd using the information below. All information is forward-looking and stated in annual terms. The risk free rate is 4%. State Very poor Poor Moderate Good Excellent Probability 0.2 0.2 0.2 0.2 0.2 Excess returns Excess returns Andante Ltd Market -0.30 -0.15 -0.10 0.00 0.10 0.05 0.20 0.12 0.40 0.25 OO

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