34) The average of the betas for all stocks is: 34) A. exactly 1.0; these stocks represent the market. B. unknown; betas are continually changing C greater than 1.0; most stocks are aggressive D. less than 1.0; most stocks are defensive. 35) Estimate a stock's beta based on the following information: Month-Stack-1.5%, 35) Market + 1.1%; Month 2-stock + 2.0%, Market + 1.4%; Month 3 " Stock-2.5%, Market-2.0%. A. Equal to 1.0 C. Less than 1.0 B. Greater than 1,0 D Indeteminne 36) A project has a beta of 0.97, the risk-free rate is 44% and the market risk premium is 36) 8.1%. what is the project's expected rate of return? A. 11.83% B. 8.35% C. 7.98% D. 11.96% lfa stock with a beta of 14 is expected to return 18% when Treasury bills yield 6%. what is the espected returm on the market portfolio A. 8.67% B. 14.57% C. 12.02% D. 10.84%