3 of 10 (0 complete) HW Score: 0%, 0 of 10 Score: 0 of 1 pt Problem 6-18 (similar to) Question Help (Required rate of return using CAPM) a. Compute a fair rate of return for Intel common stock, which has a 1.1 beta. The risk-free rate is 7 percent, and the market portfolio (New York Stock Exchange stocks) has an expected return of 11 percent. b. Why is the rate you computed a fair rate? a. Using the CAPM the fair rate of return for Intel common stock is %. (Round to two decimal places.)