The stock of Cleveland-Cliffs Inc. (Ticker: CLF) has a beta of 1.38 and an E(R) = 12.0%. In light of this information and knowing that U.S. T-Bills return 5%, Rm is equal to: a. 8.44 b. 10.07 c. 7.00 d. 12.63 e. 8.38

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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The stock of Cleveland-Cliffs Inc. (Ticker: CLF) has a beta of 1.38 and an E(R) = 12.0%. In light of this information and knowing that U.S. T-Bills return 5%, Rm is equal to:

a. 8.44
 
b. 10.07
 
c. 7.00
 
d. 12.63
 
e. 8.38
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