The REPT function in Microsoft Excel is a Text function, and its purpose is to repeat text a given number of times. The formula for the REPT function is REPT(text, number_times).

Learn more about Office Online using these Microsoft Excel Online tips and tricks for beginners. Add function, create a survey, and more using Excel Online.

The adjusted premium added to the risk-free rate is the difference in the expected market return times the beta of the asset. This formula can be calculated in Microsoft Excel as shown below.

Gross margin represents the amount of total sales revenue that a company retains after incurring the direct costs associated with producing the goods sold by the company.