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-Suppose a risky security pays an average cash flow of $100 in one year.The risk-free rate is 5%,and the expected return on the market index is 13%.If the returns on this security are high when the economy is strong and low when the economy is weak,but the returns vary by only half as much as the market index,then the price for this risky security is closest to:
Parenthood
The state or role of being a parent, involving the responsibilities of caring for and raising children.
Certain Age
A specific period in life that is often associated with particular rights, responsibilities, or developmental milestones.
Accrued Expenses
All unpaid financial obligations incurred by an organization.
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