Sakin Plc. has a beta of 1.5. If the risk-free rate of return is 5% and the expected return on the market is 12% then, according to the CAPM, the expected return on Sakin stock should be:15.5% 9.15%10.5%23% 13%
Question
Sakin Plc. has a beta of 1.5. If the risk-free rate of return is 5% and the expected return on the market is 12% then, according to the CAPM, the expected return on Sakin stock should be:15.5% 9.15%10.5%23% 13%
Solution
The Capital Asset Pricing Model (CAPM) is used to calculate the expected return on an investment given its beta, the risk-free rate, and the expected market return. The formula is:
Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)
Let's plug in the given values:
Expected Return = 5% + 1.5 * (12% - 5%)
First, calculate the value inside the parentheses:
12% - 5% = 7%
Then multiply this by the beta:
1.5 * 7% = 10.5%
Finally, add the risk-free rate:
5% + 10.5% = 15.5%
So, according to the CAPM, the expected return on Sakin stock should be 15.5%.
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