Cindy has a job on a orchard. She earns $3.10 every 10 minutes shes picks apples.
She earns $4.00 every 15 minutes she picks pears.
She picked apples for an hour and then spent 30 minutes picking pears.
How much money did Cindy earn?

$18.60

$16.00

$34.60

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%