A firm wishes to assess the impact of changes in the market return on an asset that has a beta of $1\mathrm{.}20.$

a$.$ If the market return increased by $15\%,$ what impact would this change be expected to have on the asset's return?

b$.$ If the market return decreased by $8\%,$ what impact would this change be expected to have on the asset's return?

c$.$ If the market return did not change, what impact, if any, would be expected on the asset's ret$$rn$?$

d$.$ Would this asset be considered more or less risky than the market? Explain.