Fiske Roofing Supplies' stock has a beta of 1.23, its required return is 11.25%, and the risk-free rate is 4.30%. What i

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Fiske Roofing Supplies' stock has a beta of 1.23, its required
return is 11.25%, and the risk-free rate is 4.30%. What is the
required rate of return on the market? (Hint: First find the market
risk premium.) Select the correct answer.
a. 9.95%
b. 9.98%
c. 10.01%
d. 10.04%
e. 10.07%