If the risk-free rate is 4.36%, what is the beta of security D with respect to the market M?

Joint Probability

5/20 = .25

5/20 = .25

4/20 = .20

2/20 = .10

4/20 = .20

Return on Security D

8%

10%

11%

15%

19%

Return on Security M

6%

10%

9%

10%

11%