What is the required rate of return of a stock that has a beta of 1.1 if the return on S&P 500 is 9% and the rate of the U.S. Treasury is 3% 9.60% 12.30% 15.60% 12.90% Ready for Break Co. 20x5 Income Statement in Smillions) Sales Cost of Goods Sold (100% variable) Operating Expense (100% fixed) Earnings Before Interest and Taxes Interest Expense Earnings Before Taxes Taxes Net Income 5,073 500 2,845 1,728 848 880 352 528 What is the DOL of Ready for Break Co.? Assume Cost of Goods Sold is variable cost and Operating Expense is fixed cost. 1.96 5.20 2.94 5.76 2.65 1.67 Last Exam Inc. 20X8 Income Statement (in $millions) Sales Cost of Goods Sold (100% variable) Operating Expense (100% fixed) Earnings Before Interest and Taxes Interest Expense Earnings Before Taxes Taxes Net Income 5,318 1,030 945 3,343 1,243 2,100 840 1,260 What is the DFL of Last Exam Inc.? Assume Cost of Goods Sold is variable cost and Operating Expense is fixed cost. 1.31 4.22 2.04 1.59 1.67 1.28 Last Exam Inc. 20X8 Income Statement (in $millions) Sales Cost of Goods Sold (100% variable) Operating Expense (100% fixed) Earnings Before Interest and Taxes Interest Expense Earnings Before Taxes Taxes Net Income 5,318 1,030 945 3,343 1,243 2,100 840 1,260 What is the DCL of Last Exam Inc.? Assume Cost of Goods Sold is variable cost and Operating Expense is fixed cost. 1.31 1.67 2.04 1.59 1.28 4.22