rWhat is the present value of USD $10,000$ received in five years at $10$ percent compoundeu

monthly?$6,079($with margin: $1)$

$N=512=60$

$I=\frac{10}{12}=0\mathrm{.}83333$

$PV=??=6,079$

$PMT=0$

$FV=10,000$

The beta of Ricci Co$.\text{'}$s stock is $3\mathrm{.}1$ and the risk$-$free rate of return is $9\%.$ If the expected return

on the market is $16\mathrm{.}24\%,$ what is the rate of return that investors can expect on Ricci Co$.\text{'}$s

stock? Round your final answer to $4$ decimal places to the right of the decimal point without

using a percentage sign. For instance, $0\mathrm{.}15234$ should be written as $0\mathrm{.}1523,$ not $15\mathrm{.}234\%.$

The beta of Ricci Co$.\text{'}$s stock is $3\mathrm{.}1$ and the risk$-$free rate of return is $9\%.$ If the expected return

on the market is $16\mathrm{.}24\%,$ what is the rate of return that investors can expect on Ricci Co$.\text{'}$s

stock? Round your final answer to $4$ decimal places to the right of the decimal point without

using a percentage sign. For instance, $0\mathrm{.}15234$ should be written as $0\mathrm{.}1523,$ not $15\mathrm{.}234\%.$