Jay is reviewing his portfolio. He has a large amount tied up in U$.$S$.$ Treasury bills paying $2\mathrm{.}6\%.$ He is considering moving some of his funds from the T$-$bills into a stock. The stock has a beta of $1\mathrm{.}31.$ If Jay believes the stock will earn $14\mathrm{.}4\%$ next year $($a little better than the expected market return of $12\mathrm{.}1\%),$ should he buy the stock or leave his funds in the T$-$bill?

The stock's required rate of return is $\%.($Round to one decimal place.PLEASE ANSWER BOTH PARTS