A certain stock has a beta of 1.15. If the risk-free rate of return is 3.6 percent and the market risk premium is 7.1 percent, what is the expected return of the stock? What is the expected return of a stock with a beta of 1.03? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) SHOW ALL WORK NOT JUST ANSWER

A certain stock has a beta of 1.15. If the risk-free rate of return is 3.6 percent and the market risk premium is 7.1 percent, what is the expected return of the stock? What is the expected return of a stock with a beta of 1.03? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the sign in your response.) Beta of 1.15 expected return Beta of 1.03 expected return