Apex Roofing's stock has a beta of 1.50, its required return is 14.00%, and the risk-free rate
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Apex Roofing's stock has a beta of 1.50, its required return is 14.00%, and the risk-free rate is 5.00%. What is the required rate of return on the stock market?
1. 10.50%
2. 11.00%
3. 11.50%
4. 12.00%
5. 12.50%
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Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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