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Question
Fiske Roofing Supplies' stock has a beta of 1.23, its required return is 11.75%, and the risk-free rate is 4.30%. What is the required rate of return on the market? (Hint: First find the market risk premium.)a. 10.36%
b. 10.62%
c. 10.88%
d. 11.15%
e. 11.43%
Answer
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