Question: A stock has an expected return of 13.5 percent it…
A stock has an expected return of 13.5 percent, its beta is 1.15, and the risk-free rate is 4 percent. What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
| Market expected return | % |
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