You and 4 of your friends have lunch at The Cheesecake Factory and your bill is $45.88, without sales tax. One of your friends brought a coupon for 20% off. What would your total bill be after using the coupon, paying 8% sales tax, and tipping your server 18%? Explain and show your work.

idek

Step-by-step explanation:

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%

answer: 0.1,0.85

step-by-step explanation: