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Reinford Group common stock has a required return of 0.159 and a beta of 1.63 . If the expected risk free return is 0.034 ,

image text in transcribed Reinford Group common stock has a required return of 0.159 and a beta of 1.63 . If the expected risk free return is 0.034 , what is the expected return for the market based on the CAPM? Instruction: Type your answer as a decimal, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number .011 , neither 0.0106465,0.0106, nor 1.065 . Otherwise, Blackboard will treat it as a wrong

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