Help with both pls

Given the capital asset pricing model, a security with a beta of $1\mathrm{.}5$ should return ifthe risk$-$free rate is $3\%$ and the market return is $11\%.$

The market risk premium represents:

A$)$ The price of systematic risk $($answer$)$

B$)$ The quantity of systematic risk

C$)$ The price of idiosyncratic risk

D$)$ The quantity of idiosyncratic risk

Given the capital asset pricing model, a security with a beta of $1\mathrm{.}5$ should return if the risk$-$free rate is $3\%$ and the market return is $11\%.$

The market risk premium represents:

A$)$ The price of systematic risk $($answer$)$

B$)$ The quantity of systematic risk

C$)$ The price of idiosyncratic risk

D$)$ The quantity of idiosyncratic risk