1. A stock has a beta of .8 and an expected return of 11 percent. If the risk-free rate is 4.5 percent, what is the market risk premium? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
2. According to Brian Auguste Winning by Degrees: The Strategies of Highly Productive High Education Institutions.. What is the concept of high tuition and high aid as a model for financing higher education?
3. The 8 % preferred stock of Juno, Inc. is currently selling for $62 a share. What is the nominal rate of return on this stock if the par value is $100 per share?