Question
Suppose Citigroup has an expected return of 10.9%, the expected return for the S&P 500 is 10.6%, and the current T-bill rate is 0.7%. If
Suppose Citigroup has an expected return of 10.9%, the expected return for the S&P 500 is 10.6%, and the current T-bill rate is 0.7%. If the CAPM holds, what Citigroup's beta? Enter your answer as a decimal and show 3 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
