Consider the following table, which gives a security analyst's expected return on two stocks in two particular scenarios for the rate of return on the market: a. What are the betas of the two stocks? (Do not round Imermeclate cakulatlon. Round your amwere to 2 checlmal placestid Answer is complete and correct. b. What is the expected rate of return on each stock if the two scenarios for the market return are equally likely to be 4% or 24% ? |Do not round Intermedlate cakulatlon. Round your anwe is to I checlmal place.| Answer is complete and correct. e. What hurde rate should be used by the management of the aggressive firm for a project with the risk characteristics of the defensive firm's stock if the two scenarios for the market return are equally likely? Also, assume a T-Bill rate of 3\%. (Do not round Interneclate cakulatlont. Round your an wer to 2 checlmal places.)