Assume the following information about the market and Apple, Inc.s stock. Apple's beta is 0.96, the risk-free rate is 2.18, the market risk premium is 6.35. Using the security market line (SML), what is the expected return for the firm's stock? Enter your response as a regular percent, rounded to the nearest first decimal. Do not enter dollar signs, percent signs, or commas. For example, if you calculated the decimal 0.1093, you would enter for your answer, 10.9. That reads 10.9 percent and is rounded conventionally.

Assume the following information about the market and Apple, Inc.s stock. Apple's beta is 0.96, the risk-free rate is 2.18, the market risk premium is 6.35. Using the security market line (SML), what is the expected return for the firm's stock? Enter your response as a regular percent, rounded to the nearest first decimal. Do not enter dollar signs, percent signs, or commas. For example, if you calculated the decimal 0.1093, you would enter for your answer, 10.9. That reads 10.9 percent and is rounded conventionally.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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