the sales tax rate in new york city is 8.9%. Find the tax charged on a purchase of $208, and the total cost

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Step-by-step explanation:

$18.51 tax

$226.51 total cost

Step-by-step explanation:

208 x 0.089 = 18.51 tax

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%