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Investment bankers at Cowen & Co. announced that the stock of Planet Fitness (ticker: PLNT) has a beta = 1.5 and an E(R) = 14.40%.

Investment bankers at Cowen & Co. announced that the stock of Planet Fitness (ticker: PLNT) has a beta = 1.5 and an E(R) = 14.40%. If Rm = 11.0%, what is the current return on U.S. T-bills?

Multiple Choice 4.20 percent 2.70 percent 4.70 percent 3.70 percent 3.10 percent

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