Last year the sales at a bookstore were 75% fiction books, and 25% nonfiction books.

the average cost of a fiction book was $15. the average cost of a nonfiction book was $16.

what was the average cost of all fiction and non-fiction books sold at the bookstore last year?

enter your answer as a decimal in the box.

answer: i literally just answered this question but they want me to do it again

step-by-step explanation:

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%

mathpapa

step-by-step explanation:

sorry i really don't know what tiles and steps you are referring to

step-by-step explanation: