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Aluminum maker Acoa has a beta of about 1.91, whereas Hormel Foods has a beta of 0.42 . If the expected excess retum ef the

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Aluminum maker Acoa has a beta of about 1.91, whereas Hormel Foods has a beta of 0.42 . If the expected excess retum ef the market portfolio is 6.20%, which of these firms has a higher equity cont of captat, and how much higher is in? The expected excess return of Alcou's equily is 6. (Round to two decimal places ) The expected excess rehum of Horme/s equiny is 4. (Pound to two decinur places) Therefore. has the higher equity cont of capial by percertage points. (Select from be drop-6own menu and round to two decimul places)

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