Question
The stock in Bowie Enterprises has a beta of .86. The expected return on the market is 11.60 percent and the risk-free rate is 2.87
The stock in Bowie Enterprises has a beta of .86. The expected return on the market is 11.60 percent and the risk-free rate is 2.87 percent. What is the required return on the company's stock?
11.61%
9.80%
10.38%
10.09%
12.85%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
