Currently, the nominal risk-free rate is 1.2 percent, the expected return on the overall market is 9.4 percent, and the beta for Las Vegas Sands stock is 2.3. Inflation is expected to increase by 0.8 percentage point and investors risk aversion is expected to increase by 1.8 percentage points. If these changes happen, what would investors require as a return on Las Vegas Sands stock?

Group of answer choices

a. 20.86 percent

b. 10.06 percent

c. 25.00 percent

d. 24.76 percent

e. 21.92 percent