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Joe Black & Co. has a beta of 1.50. If the risk-free rate is 5% and the expected return of the market portfolio is 11%,
Joe Black & Co. has a beta of 1.50. If the risk-free rate is 5% and the expected return of the market portfolio is 11%, what is the expected return of Joe Black & Co.?
13% | ||
14% | ||
15% | ||
16% |
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