DO you know this answer? The risk-free rate is 7% and the expected rate of return on the market portfolio is 14%. a. Calculate the required return of a security with a beta of 2.45 and an expected rate of return of 16%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Required return______ % b. Is the security overpriced or underpriced? Overpriced or Underpriced