Question: 11. (Capital Asset Pricing Model) CSB, Inc. has a beta of 0.985. If the expected market return is 11.0 percent and the risk-free rate is
11. (Capital Asset Pricing Model) CSB, Inc. has a beta of 0.985. If the expected market return is 11.0 percent and the risk-free rate is 7.0 percent, what is the appropriate expected return of CSB (using the CAPM)? The appropriate expected return of CSB is (Round to two decimal places.)
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