The data below is extracted from the Financial Times website about the betas of four companies listed on the FTSE 100 Index, namely Vodafone, Tesco, British Petroleum, and British Telecom. The rate of return on 3-month U.K. Treasury bills is 1.94 percent and the return for the FTSE 100 market index is 8 percent. Calculate the expected return for each stock.

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STOCK BETA Vodafone PLC 0.71 Tesco PLC British Petroleum 0.91 1.32 British Telecom Group 0.99