From the Wall Street Journal, Yahoo!Finance, or some other source, obtain a current estimate of the risk-free rate (use a 10-year Treasury Bond). Then, use Yahoo!Finance to obtain the beta for each of the following stocks:

• Ford (autos)
• Dell (Computers)
• Sempra Energy (Utilities)
• Kroger (Groceries)
• Bank of America (Financial Services)

Use the information you gathered, along with the market risk premium on large stocks given in the chapter, to find the required return for each stock with Capital Asset Pricing Model (CAPM). Please discuss how the associated 5 betas you find relate to the required returns in the five different industries. Is it true that beta can determine the return level? Please support your response with information about the diversifiable and market risk involved.