Assume the expected return on the market is 14 percent and the risk-free rate is 4 percent.

What is the expected return for a stock with a beta equal to 1.20? (Round answers to 2 decimal places, e.g. 15.25.)

Expected return ____________

What is the market risk premium? (Round answers to 2 decimal places, e.g. 15.25.)

Market risk premium _______________