FINANCE 650- King Farm Manufacturing Company’s common stock

FINANCE 650- King Farm Manufacturing Company’s common stock

FINANCE 650- King Farm Manufacturing Company’s common stock

Subject: Business    / Finance
Question

King Farm Manufacturing Company’s common stock has a beta of 1.74. If the risk-free rate is 3.15 percent, and the market return is 5.59 percent, calculate the required return on King Farm Manufacturing’s common stock.

Round the answers to two decimal places in percentage form.