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Cooley Company's stock has a beta of 0.62, the risk-free rate is 2.45%, and the market risk premium is 5.50%. What is the firm's required

Cooley Company's stock has a beta of 0.62, the risk-free rate is 2.45%, and the market risk premium is 5.50%. What is the firm's required rate of return? Do not round your intermediate calculations.

a. 5.86%
b. 7.02%
c. 4.93%
d. 3.41%
e. 7.95%

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