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Question 12 5 pts Frisco Fitness Clubs, a firm in the mature stage of its life cycle, has an expected year-end dividend. D. of $3.24,

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Question 12 5 pts Frisco Fitness Clubs, a firm in the mature stage of its life cycle, has an expected year-end dividend. D. of $3.24, a market price today. P. of $32.40, and a constant growth rate, g. of 8 percent. The expected return on an average stock in the market. km. is 14 percent and Frisco Fitness' beta is 1.4. What is the firm's risk-free rate. Rp? 1.20% 3.00% 5.75% 0.60% 400%

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