Consider a world where the CAPM holds for all securities. The risk-free rate is 1%, and the standard deviation of the market portfolio is 16%. Microsoft has a correlation of 0.7 with the market portfolio, an expected return of 15%, and a standard deviation of 24%.

What is the risk premia on Intel, if it has a CAPM beta of 0.8?

Group of answer choices

8.61%

10.67%

13.33%

11.67%

15.54%