Two buses are traveling to a state park. One bus leaves the terminal at 4:00 p. m. and travels at 40 miles per hour. The second bus leaves the terminal at 5:00 p. m. and travels at 60 miles per hour. At what time does the second bus catch up with the first bus?

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%

the diver is 33 feet below the surface.

step-by-step explanation:

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