Monthly rate = 1.25% Date Payments Purchases Balance Number of Days Product/Sum 9/1 - 9/5 $387.52 5 $1,937.60 9/6 $50.00 $337.52 1 $337.52 9/7 - 9/18 $ $ 9/19 $62.26 $399.78 1 $399.78 9/20 - 9/30 $ $ Total 30 $ The average daily balance = ÷ 30 = $ . Finance charge = monthly rate x average daily balance = $ . New balance = previous balance - payment/credits + finance charge + new purchases = $ .

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

yes   because as the functions are graphed they eventually will intersect unless otherwise

step-by-step explanation: