Question
The stock in Bowie Enterprises has a beta of 1.21. The expected return on the market is 11.50 percent and the risk-free rate is 2.94
The stock in Bowie Enterprises has a beta of 1.21. The expected return on the market is 11.50 percent and the risk-free rate is 2.94 percent. What is the required return on the company's stock?
A) 12.93% B) 16.86% C) 12.56% D) 13.30% E) 15.08%
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
