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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

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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: Market Return 6% 24 Aggressive Stock -4% 38 Defensive Stock 5% 13 a. What are the betas of the two stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Beta Aggressive stock Defensive stock b. What is the expected rate of return on each stock if the two scenarios for the market return are equally likely to be 6% or 24%? (Do not round intermediate calculations. Round your answers to 1 decimal place.) Aggressive stock Defensive stock Expected Rate of Return % %

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