Cost of common stock equityCAPM J&M Corporation common stock has a beta, b, of 0.9. The risk-free rate is 7% , and the market return is 13%.

a.Determine the risk premium on J&M common stock.

b.Determine the required return that J&M common stock should provide.

c.Determine J&M's cost of common stock equity using the CAPM. Question content area bottom

Part 1 a.The risk premium on J&M common stock is enter your response here%. (Round to one decimal place)

Part 2 b.The required return that J&M common stock should provide is enter your response here%. (Round to one decimal place)

Part 3 c. J&M's cost of common stock equity using the CAPM is enter your response here%. (Round to one decimal place)