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The stock of Black Mesa, Inc. has a beta of.95 and an expected long-run growth rate of 6 percent. The one-month U.S. Treasury bill has

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The stock of Black Mesa, Inc. has a beta of.95 and an expected long-run growth rate of 6 percent. The one-month U.S. Treasury bill has a return of 3.4 percent. The 10-year AAA-rated corporate bonds have a return of 7 percent. The stock market risk premium is 6.45 percent. What is the expected rate of return on the stock? 9.53 percent 10.43 percent 11.02 percent 8.99 percent 2.95 percent

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