Sarah is going to a higher a dj for her party. dj iceman charges an initial fee of $100 in addition to $21 per hour. dj chomp charges initial fee of $150 in addition to $15 per hour. when will the two djs charge the same amount of money?

$8.33

Step-by-step explanation:

100+21x=150+15x

-21x -21x

100=150-6x

-150 -150

-50=-6x

8.3333...=x

You can round the answer to $8.33

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%