The sum of two consecutive numbers is 23. What is the smallest number?

11 & 12

Step-by-step explanation:

11+ 12 = 23

Create Equation:

x + (x+1) = 23

Solve Equation:

x + x + 1 = 23

x + x = 23 - 1

2x = 22

x = 22/2

x = 11

x +1 = 12

The smallest number is 11

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%