10. Cabs-r-us charge a $2 pick up fee and then $0.30 a mile, Rapid Cabs charge $1.50 pick up fee and $0.50 a mile.
For how many miles do the companies charge the SAME amount?
If you plan on driving at least 5 miles, which company offers the better deal?

the workers who do no drive has no reasonable reason to buy gasoline due to they don't have anything to use it for

a

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%