The market has an expected return of 11 percent, and the riskfree rate is 5 percent. Pfizer

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The market has an expected return of 11 percent, and the risk‐free rate is 5 percent. Pfizer has a beta of 0.9. What is the required rate of return for Pfizer?

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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