a$.$ Calculate the required rate of return for an asset that has a beta of $1\mathrm{.}86,$ given a risk$-$free rate of $5\mathrm{.}4\%$ and a market return of $11\mathrm{.}7\%.$

b$.$ If investors have become more risk$-$averse due to recent geopolitical events, and the market return rises to $14\mathrm{.}1\%,$ what is the required rate of return for the same asset?

a$.$ The required rate of return for the asset is

$\%.($Round to two decimal places.$)$

b$.$ If investors have become more risk$-$averse due to recent geopolitical events, and the market return rises to $14\mathrm{.}1\%,$ the required rate of return for the same asset is $\%.($Round to two decimal places.$)$