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Cupertino Construction Corporations stock has a required return of 11.75%. Analysts predict that a 5.5% risk-free rate (rRF) and a return on average security in

Cupertino Construction Corporations stock has a required return of 11.75%. Analysts predict that a 5.5% risk-free rate (rRF) and a return on average security in the market, rM, equaling 10.25% will continue for the predictable future. What is Cupertinos beta? Show work and formula. A. 1.05 B. 1.15 C. 1.27 D. 1.32 E. 1.75

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