<span>Spain's conquest of central Mexico and the Andes made Spain the wealthiest and most powerful nation because of the abundance of gold and silver which it gained. This large amount of gold and silver it was able to obtain was sent to its national treasuries allowing it to become a threat to any other European competition.</span>
Answer:
Desertification
Explanation:
Drought and leaching leave some parts of Africa without much water, which leads to some portions of the area to turn into a desert, which can prove disastrous for the plants and animals that now find themselves in a completely different habitat.
Answer: Risk free rate = 1.9%
Explanation:
The Capital Asset Pricing Model allows for the calculation of the required return using the market return, beta and risk free rate.
Required return = Risk free rate + Beta * ( Market return - Risk free rate)
First find the market rate. Stock Y is uniquely positioned to help with that:
12.4% = Risk free rate + 1.0 * (Market return - Risk free rate)
12.4% = rf + Market return - rf
Market return = 12.4%
Apply this to the formula using Stock Z:
8.2% = rf + 0.6 * (12.4% - rf)
8.2% = rf + 7.44% - 0.6rf
rf - 0.6rf = 8.2% - 7.44%
0.4rf = 0.76%
rf = 0.76% / 0.4
Risk free rate = 1.9%
