a. ALM Property stock has a beta of 1.5 and an expected return of 13%. The risk-free rate is 4%. Assume the CAPM is valid. i. Determine the market risk premium. (6 marks) ii. Suppose UCC stock has a beta of 0.6. What is the expected return on the UCC stock? (4 marks) b. A fund manager of IMD Securities Ltd quoted: GC Tech has a very high beta since its stock has traded as high as $253 and as low as its current $64 during this year. Do you agree with the fund manager? Explain. (10 marks)