+1 4853618276 support@regentessays.com

Mikkelson Corporation’s stock had a required return of 11.75% last year, when the risk-free rate was 5.50% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused the market risk premium to rise by 2%. The risk-free rate and the firm’s beta remain unchanged. What is the company’s new required rate of return? (Hint: First calculate the beta, then find the required return.),,a. 14.38%,b. 14.74%,c. 15.11%,d. 15.49%,e. 15.87%,

Order Your Custom Essay
Order Your Custom Essay