finance-A stock has an expected return of 8.4 percent
QUESTION
A stock has an expected return of 8.4 percent, its beta is 1.80, and the risk-free rate is 3.5 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. Omit the “%” sign in your response.) Expected return %
ANSWER:
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