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Cổ phiếu của công ty VNM có tỷ lệ lợi nhuận kỳ vọng bằng 13%, tỷ lệ sinh lời của tài sản phi rủi ro là 7% và phần thưởng rủi ro thị trường bằng 4%. Giả định rằng có một sự thay đổi trong những nhà đầu tư không ưa thích rủi ro khiến phần thưởng rủi ro thị trường tăng thêm 2%. Khi đó, lợi nhuận kỳ vọng của cổ phiếu công ty sẽ bằng bao nhiêu?

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