Firm H's shares sell today for $32 and are forecast to be priced at $28.80 and to pay a dividend of $3.20 at the end of one year.Firm H's beta is 1.70, the market risk premium is 10%, and the riskless return is 1%. The expected return less the required return is

Multiple Choice

• -18.72%
• -20.16%
• -18.00%
• -19.62%