Question $18$

If Treasury bills yield $6\mathrm{.}0\%$ and the market risk premium is $9\mathrm{.}0\%,$ then a portfolio with a beta

of $1\mathrm{.}5$ would be expected to yield:

$12\mathrm{.}0\%$

$17\mathrm{.}0\%$

$19\mathrm{.}5\%$

$21\mathrm{.}5\%$