Bert decided to start exercising. The first day he jogged for 25 minutes. The next day he wanted to jog for 4 minutes more than the previous day. He wanted to continue increasing by the same amount like this for every one of the 30 days in April. How many minutes did he run on April 28?

Question 3 options:

a)

679 minutes

b)

835 minutes

c)

138 minutes

d)

133 minutes

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%

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step-by-step explanation: