Fiske Roofing Supplies' stock has a beta of 1.23, its required return is 11.75%, 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. 10.36%
B. 10.62%
C. 10.88%
D. 11.15%
E. 11.43%
Answer: A
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Which of the following is NOT among the ethical values identified in the American Marketing Association's Ethical Norms and Values for Marketers?
A. transparency B. responsibility C. equality D. citizenship E. honesty
Ella's portfolio has a beta of 1.34 and a standard deviation of 16.4%. The portfolio has a total return of 14.8%. The market risk premium is 8.5%, while the return on the market portfolio was 12.0%
What is the value of Sharpe's measure for Ella's portfolio? A) 0.21 B) 0.38 C) 0.69 D) 0.90
Christie and Kevin are starting a produce farm raising organic vegetables. Kevin plans to sell the produce wholesale to a local restaurant and Christie is going to start a cooking school spotlighting the produce. Complete the following table detailing the inputs and outputs between the product business versus the service business. What are the similarities? Product:Wholesale Restaurant Sales Operation Services:Organic Food Cooking School Input Processes Output
What will be an ideal response?
Kevin Montgomery Retail seeks your assistance to develop cash and other budget information for May, June, and July. At April 30, the company had cash of $5,500, accounts receivable of $437,000, inventories of $446,250, and accounts payable of $133,055. The budget is to be based on the following assumptions:SALES:Each month's sales are billed on the last day of the month. Customers are allowed a 3% discount if payment is made within 10 days after the billing date. Receivables are recorded in the accounts at their gross amounts (not net of discounts). 55% of the billings are collected within the discount period; 30% are collected by the end of the month; 9% are collected by the end of the second month; and 6% turn out to be uncollectible.PURCHASES:The marketing, general, and administrative
expenses and 60% of all purchases of merchandise are paid in the month purchased, with the remainder of merchandise purchases paid in the following month. The number of units in each month's ending inventory is equal to 125% of the next month's sales (units). The cost of each unit of inventory is $30. Marketing, general, and administrative expenses, of which $3,000 is depreciation, are equal to 15% of the current month's sales.Actual and projected sales are as shown below: Dollars Units March$472,000 11,800 April$484,000 12,100 May$476,000 11,900 June$456,000 11,400 July$480,000 12,000 August$480,000 12,200 What are the budgeted cash disbursements during the month of June? A. $434,280. B. $419,400. C. $407,520. D. $421,950.