1a) Sampson Enterprices has stock has an expected return of 12.0 percent, the risk-free rate is 1.2 percent, and the market risk premium is 4.8 percent. What must the beta of this stock be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

1b) The same stock from Sampson Enterprices now has an expected return of 10.9 percent, its beta is 1.61, and the risk-free rate is 2.4 percent. What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)