4. Utilizing the Capital Asset Pricing Model (CAPM) determine the required rate of return for each stock. Standard Common stock deviation of returns Correlation coefficient between returns on stock & the market portfolio 1 7% 0.90 23 2 15% 0.50 3 18% 0.30 (30%) The standard deviation (S. D.) for the market portfolio is 8%, the risk- free rate is 6%, and the equity risk premium is 9.5%. Estimate the beta for each stock and use the CAPM to determine the required rate of return for each stock.