11% Historical Returns: Expected and required Rates of Return You have observed the following retums over time: Year Stock X Stock Y Market 2014 15% 11% 2015 19 8 9 2016 -13 -8 2017 3 3 2 2018 24 13 12 Assume that the risk-free rate is 7% and the market risk premium is 5%. 3. What are the betas of stocks X and Y? Do not round intermediate calculations. Round your answers to two decimal places. Stock X: Stock Y: b. What are the required rates of return on Stocks X and Y? Do not round intermediate calculations. Round your answers to two decimal place Stock X: Stock Y 96 c. What is the required rate of return on a portfolio consisting of 80% of Stock X and 20% of Stock Y? Do not round intermediate calculation %