Consider the tollowing two scenarios for the economy and the expected returns in each scenario for the market port olio, an aggressive stock A, and a defensive stock D Rate of Return Aggressive Defensive Scenario Market Stock A Stock D -10% 38 32 24 a. Find the beta of each stock. (Round your answers to 2 decimal places.) Beta Stock Stock b. Ifeach scenario is equally likely, find the expected rate of return on the market portfolio and on each stock. (Enter your answers as a whole percent.) Expected Rate of Return Market 12 Stock A Stock D C. If the T-bill rate is 4%, what does the CAPM say about the fair expected rate of return on the two stocks? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places) xpected Rate of Return Stock Stock d. Which stock seems to be a better buy on the bas's of your answers to (a) through (c)? Stock D Stock A