Fiske roofing supplies' stock has a beta of 1.23, its required return is 11.75%, and the risk-free rate is 4.30%. what is the required rate of return on the market? (hint: first find the market risk premium.) select one:
a. 10.36%
b. 10.62%
c. 10.88%
d. 11.15%
e. 11.43%

ER(P) = Rf + β(Rm - Rf)

11.75 = 4.30 + 1.23(Rm - Rf)

11.75 - 4.30 = 1.23Rm -  5.289

7.45 + 5.289 = 1.23Rm

      12.739    = 1.23Rm

          Rm     = 12.739/1.23

          Rm     = 10.36%

Explanation: The expected return of a stock is a function of risk-free rate plus market risk premium. Market risk premium is equal to beta multiplied by risk premium. Risk premium is market return minus risk free rate.

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !