Consider the following two scenarios for the economy and the expected returns in each scenario for the market portfolio, an aggressive stock A. and a defensive stock D. Scenario Rate of Return Aggressive Detensive Market stock Stock -- -110 -61 26 hoor Required: a. Find the beta of each stock. b. If each scenario is equally likely, find the expected rate of return on the market portfolio and on each stock c. If the T-bill rate is 3%, what does the CAPM say about the fair expected rate of return on the two stocks? d. Which stock seems to be a better buy on the basis of your answers to (a) trough (c)? Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Find the beta of each stock. (Round your answers to 2 decimal places.) Bata Stock A Stock D