Joe purchased 800 shares of robotics stock at 3 per share, Financial Management

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Joe purchased 800 shares of robotics stock at 3 per share

Joe purchased 800 shares of Robotics Stock at $3 per share on 1/1/09. Bill sold the shares on 12/31/09 for $3.45. Robotics stock has a beta of 1.9, the risk-free rate of return is 4%, and the market risk premium is 9%. The required return on Robotics Stock is?

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Financial Management: Joe purchased 800 shares of robotics stock at 3 per share

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Financial Management: Joe purchased 800 shares of robotics stock at 3 per share

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