Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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? ? Financial accounting question

TechNova Inc. stock has a beta of 1.50 and its required
return is 14.5%. Green Meadow Farms stock has a beta of
0.75. If the risk-free rate is 5%, what is the required rate of
return on Green Meadow Farms' stock?
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Transcribed Image Text:TechNova Inc. stock has a beta of 1.50 and its required return is 14.5%. Green Meadow Farms stock has a beta of 0.75. If the risk-free rate is 5%, what is the required rate of return on Green Meadow Farms' stock?
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