Answer: hope this helps
The common stock of Industrial Technologies has an expected return of 12.4 percent. The market return is 9.2 percent and the risk-free return is 3.87 percent. What is the stock's beta?
A.) 0.42
B.) 1.60
C.) 1.32
D.) 1.00
E.) 1.42
B.) 1.60
12.4 = 3.87 + β (9.2 - 3.87); β = 1.60
Explanation:
