Question
(Capital Asset PricingModel) Breckenridge, Inc., has a beta of 0.96. If the expected market return is 11.0 percent and therisk-free rate is 6.0 percent, what
(Capital Asset PricingModel) Breckenridge, Inc., has a beta of 0.96. If the expected market return is 11.0 percent and therisk-free rate is 6.0 percent, what is the appropriate expected return of Breckenridge(using theCAPM)?
The appropriate expected return of Breckenridge is ---%. (Round to two decimalplaces.)
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
