Jill, an analyst at Butoh General (BG), models the stock of the company. Suppose that the risk-free rate rRF r RF = 5%, the required market return rM r M = 11%, the risk premium for small stocks rSMB r SMB = 3.2%, and the risk premium for value stocks rHML r HML = 4.8%. Suppose also that Jill ran the regression for Butoh Generals stock and estimated the following regression coefficients: aBG a B G

16.40%

8.00%

11.40%

19.64%