Montel can't keep up with the demand for the latest best-selling book. he had to order more copies twice this week. on monday he placed an order for 96 books. on wednesday he ordered 264 more. all the books arrived on friday. there were 24 books in each box. how many boxes of books did montel receive?

just sum

10 + 10 = 20

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%