1. Investment bankers at Cowen & Co. announced that the stock of Planet Fitness (ticker: PLNT) has a beta = 1.3 and an E(R) = 13.08%. If Rm = 11.1%, what is the current return on U.S. T-bills?

• 4.00 percent

• 4.80 percent

• 3.39 percent

• 3.20 percent

• 4.50 percent

2. Lordstown Motors common stock has an E(R) = 17.75%. What is Lordstowns beta if Rm = 13% and the return on T-bills is 3.5%?

• 1.50

• .67

• 4.10

• .75

• 1.37