a.

A stock has an expected return of 13.2 percent, the risk-free rate is 3.2 percent, and the market risk premium is 8.7 percent. What must the beta of this stock be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b.

A stock has an expected return of 8.1 percent, its beta is 1.50, and the risk-free rate is 3.7 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.)

c.

A stock has an expected return of 15.1 percent and a beta of 1.60, and the expected return on the market is 11.40 percent. What must the risk-free rate be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)