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The beta for Cowboy Industries, Inc. is 0.9. The expected return on the market portfolio is 12.0% and the risk-free rate is 3.0%. If the

The beta for Cowboy Industries, Inc. is 0.9. The expected return on the market portfolio is 12.0% and the risk-free rate is 3.0%. If the CAPM/SML is correct, what is Cowboy Manufacturings required (expected) return?

Group of answer choices

12.9%

11.1%

16.2%

13.8%

None of these are correct.

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