Assume that the market is in equilibrium and that stock betas can be estimated with historical data. The returns on the market, the returns 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, a ? M Year Market UF 2011 -9% -14% 2012 11% 16% 2013 15% 22% 2014 5% 7% 2015 -1% -2% r RF : 7.00%; rUnited: 65.00%; Select the correct answer. a. 45.67% b. 45.83% C. 45.79% O d. 45.71% O e. 45.75%