The beta of Elsenore, Inc., stock is 1.6, whereas the risk-free rate of return is 8 percent. If the expected return on the market is 15 percent, then what is the expected return on Elsenore?

A) 11.20%
B) 19.20%
C) 24.00%
D) 32.00%

Answer: B) 19.20%

Business

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Pfizer pharmaceutical representatives call on physicians to influence them to prescribe the latest Pfizer medications over competing products

However, no sale is made until doctors call prescriptions into pharmacies that then place orders through their drug wholesalers. What type of sales position do these Pfizer pharmaceutical representatives hold, and what are their job responsibilities?

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