Question
The common stock of Jensen Shipping has an expected return of 22 percent. The return on the market is 16 percent and the risk-free rate
The common stock of Jensen Shipping has an expected return of 22 percent. The return on the market is 16 percent and the risk-free rate of return is 4 percent. What is the beta of this stock?
A. 1.23
B. 1.50
C. 1.33
D. 0.92
E. 1.41
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
