Curt is installing a picket fence around his garden which is 45.45 ft by 14.63 ft. when he gets to the hardware store he finds that each picket fence slat is two feet wide. if curt does not want any spaces between each slat, use estimation to determine how many slats of fencing he should buy.

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%