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Gardner Electric has a beta of 12 and the risk-free rate is 6.00% The annual return on the stock market during the p4 years
Gardner Electric has a beta of 12 and the risk-free rate is 6.00% The annual return on the stock market during the p4 years was 10.25% Investors expect the average annual future retu to be 11.00% Using the SML, what is the firm's required rate of return? 011 0.14 0.12 0.10
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