Question: Problem 12-23 CAPM and Expected Return (LO2) If the expected rate of return on the market portfolio is 16% and T-bills yield 4%, what must
Problem 12-23 CAPM and Expected Return (LO2) If the expected rate of return on the market portfolio is 16% and T-bills yield 4%, what must be the beta of a stock that investors expect to return 13%? (Round your answer to 4 decimal places.) Beta of a stock
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