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CAPM andexpected? returns..a.??Given the following? holding-periodreturns, compute the average returns and the standard deviationsfor the Zemin Corporation and for the market.b.??If? Zemin's beta is 1.88 and the? risk-freerate is 7 percent, what would be an expected return for an investorowning? Zemin? ?(Note: Because the preceding returns are based on monthly? data,you will need to annualize the returns to make them comparable withthe? risk-free rate. For? simplicity, you can convert from monthlyto yearly returns by multiplying the average monthly returns by?12.)c.??How does? Zemin's historical average returncompare with the return you believe you should expect based on thecapital asset pricing model and the? firm's systematic? risk?MonthZemin Corp.Market18%6%24%1%30%1%4-1%-1%56%4%62%1%