Consider the single-index model of returns that explains the returns of Nike. The alpha of Nike is 2%. The return on the market index (i.e., S\&P 500) is 16\%. The risk-free rate of return is 5%. Nike earns a return that exceeds the risk-free rate by 11%, and there are no firm-specific events affecting the stock performance. The of the stock is 1.33 0.75 1.50 0.67 0.82