Assume that the market is in equilibrium and that stock belas can be estimated with historical data. The returns on the market, the returns on United Fund (CT), 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, T M ? Market -9% Year 2011 2012 2013 UE -14% 16% 2296 11% 15% 2014 5% 7% 2015 -24 T : 7.00%; ruled RF 95.00%; Select the correct answer. a. 65.85 b. 65.79% C65.73 ci. 65.67# Gardner Electric has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. The T-bill rate is 4.00%, and the T-bond rate is 5.25%. The annual return on the stock market during the past 4 years was 10.25%. Investors expect the average annual future return on the market to be 12.50%. Using the SML, what is the firm's required rate of return? Select the correct answer. a. 14.49% b. 14.53% C. 14.57% d. 14.61% e. 14.45% Assume that the market is in equilibrium and that stock belas can be estimated with historical data. The returns on the market, the returns on United Fund (CT), 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, T M ? Market -9% Year 2011 2012 2013 UE -14% 16% 2296 11% 15% 2014 5% 7% 2015 -24 T : 7.00%; ruled RF 95.00%; Select the correct answer. a. 65.85 b. 65.79% C65.73 ci. 65.67# Gardner Electric has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. The T-bill rate is 4.00%, and the T-bond rate is 5.25%. The annual return on the stock market during the past 4 years was 10.25%. Investors expect the average annual future return on the market to be 12.50%. Using the SML, what is the firm's required rate of return? Select the correct answer. a. 14.49% b. 14.53% C. 14.57% d. 14.61% e. 14.45%