The expected return on mikes seafood stock is 179 percent
The expected return on Mike's Seafood stock is 17.9 percent. If the expected return on the market is 13 percent and the beta for Mike's is 1.7, then what is the risk-free rate?
a.5.5%
b.4.5%
c.6.0%
d.5.0%
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Please show work and explain how to solve on a financial calculator.
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