1 12.5 points eBook 101 Hint Print Problem 12-3 Using Beta (LO1) A stock with a beta of 1.1 has an expected rate of return of 16%. If the market return this year turns out to be 10 percentage points below expectations, what is your best guess as to the rate of return on the stock? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place. Stock return Saved % Hel

A stock with a bets of 11 has an expected rate of return of 16%. If the market return this year turns out to be 10 percentage points pelow expectations, what is your best guess as to the rate of return on the stock? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place