Compute what is required rate of return on market

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Problem 1: Fiske Roofing Supplies' stock has a beta of 1.23, its required return is 9.00%, and the risk-free rate is 4.30%. What is the required rate of return on the market? (Hint: First find the market risk premium.)

a. 8.12%
b. 8.06%
c. 8.18%
d. 8.24%
e. 8.30%

Reference no: EM132959919

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