Jo and Ellen are partners in a painting business. Because Jo is the office​ manager, she is to receive ​one- third more than Ellen when the profits are distributed. If their profit is ​$82,600 how much should each of them​ receive?

Jo: $55,066.66

Ellen: $27,533.33

10 b/c 5*2 =10

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%