What should the rate of return on its stock been this month

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The monthly rate of return on T-bills is 0.1%. The market went up this month by 1.0%. Pfizer, which has a beta of 2, in a completely surprising and unexpected outcome, was awarded $2 million as the winner of a lawsuit just prior to the end of the month. If the original value (at the start of the month) of Pfizer equity was $100 million, what should the rate of return on its stock been this month?

Reference no: EM131490161

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