Question 3 1 pts
You record a popular pop album in which you earn a royalty of 8% on CD
sales and music downloads. You sold 983,829 CDs and 4,030,526 music
downloads. The CDs were sold to music stores for $10.17 each, and the
music downloads were $0.89 each. How much did you earn in total
royalties?

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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%