Hank spends 76% of his monthly salary and saves $270. Find his
monthly salary?

Step-by-step explanation:

Hank spends 76% of his monthly salary and saves $270. Find his

monthly salary?

270 = 100% - 76%

270 = 24%

270 : 24 * 100 = 1125

check

1125 - 76% = 270

the answer is good

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%