Assume that the market is in equilibrium and that stock betas can be estimated with historical data. The returns on the market, the rcturns on United Fund (UF), the risk-free rate, and the required return on the United Fund are shown below. Based on this information, what is the required return on the market, Tv 2 Year 2011 2012 Market -9% UF -14% 11% 16% 22% 2013 15% 5% 7% 2014 2015 -1% -2% 7.00%; runited 30.00%; RF Select the correct answer. a. 22.33% b. 22.60% C. 22.69% d. 22.51% e 22,42% Assume that the market is in equilibrium and that stock betas can be estimated with historical data. The returns on the market, the rcturns on United Fund (UF), the risk-free rate, and the required return on the United Fund are shown below. Based on this information, what is the required return on the market, Tv 2 Year 2011 2012 Market -9% UF -14% 11% 16% 22% 2013 15% 5% 7% 2014 2015 -1% -2% 7.00%; runited 30.00%; RF Select the correct answer. a. 22.33% b. 22.60% C. 22.69% d. 22.51% e 22,42%