Afair die is rolled three times. what is the probability that the first outcome is less than (and not equal to) the second outcome, and the second outcome is less than (and not equal to) the third outcome?

For part (a), first consider the simple case where we roll two dice.What is the probability that the second roll is greater than the first? Assuming a six-sided dice, the total number of outcomes $(i,j)$ is $6^2$.

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%