16. Stock Y has a standard deviation of 22 percent and a covariance with the market of 0.081.

The expected return of the market is 14 percent with a standard deviation of 18 percent.

The risk-free rate is 5.25 percent. What is the beta of Stock Y?

A) 0.127

B) 1.67

C) 0.45

D) 2.5

Please show calculations