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6 (CHAPTER 13) You looked up financial information for your favorite company on Yahoo Finance and found o in out that its stock's Beta is

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6 (CHAPTER 13) You looked up financial information for your favorite company on Yahoo Finance and found o in out that its stock's Beta is 1.36. The T-Bill rate is currently around 3.1%. The market risk premium is 8.4%. This information allows you to calculate exactly how high the required t annual return on this company's stock should be that would correctly compensate the investors for the amount of systematic risk that they would be facing when buying this f a stock. Your calculated required annual return for the company's stock equals ----percent Put the answer in percent, rather than in decimals. Do NOT use "%" in your answer. Round your answer to TWO decimal places, for example, 10.23

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