博迪投资学答案chap0097thed.docx

博迪投资学答案 chap0097thed c. d. From CAPM, the fair expected return = 8 + 1.25(15 ? 8) = 16.75% Actually expected return = 17% ? = 17 ? 16.75 = 0.25% Since the stock’s beta is equal to 1.2, its expected rate of return is: 6 + [1.2 ? (16 – 6)] = 18% E(r) ? D ? P P ?1 1 0 ? P 0 0.18 ? 6 ? P 1 50 ? 50 ?