You buy 3 tickets for $48 total for the jazz concert on friday night. your friend buys 2 tickets for $36 total for the jazz concert on saturday night. your brother collected $96 from his friends to buy 6 tickets. which night can they go to the concert? did they buy the less expensive tickets? explain.

they are simplified

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%