Hardware and Moore has an expected return of 12.9 percent and a beta of 1.21. The expected return on the market is 11.7 percent.
Required:
Qeustion: What is the risk-free rate?
A) 3.87 percent
B) 4.24 percent
C) 4.61 percent
D) 5.38 percent
E) 5.99 percent
Note: Please show basic calculation