Question: Fiske Roofing Supplies' stock has a beta of 1.23, its required return is 11.25%, and the risk-free rate is 4.30%. What is the required rate

Fiske Roofing Supplies' stock has a beta of 1.23, its required return is 11.25%, 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.)

Select the correct answer.

a. 9.95%

b. 9.65%

c. 9.75%

d. 9.85%

e. 10.05%

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