Manipulating CAPM Use the basic equation for the capital asset pricing model (CAPM) to work each of the following problems. a. Find the required return for an asset with a beta of 0.38 when the risk-free rate and market return are 3% and 11%, respectively. b. Find the risk-free rate for a firm with a required return of 4.623% and a beta of 0.21 when the market return is 9%. c. Find the market return for an asset with a required return of 12.902% and a beta of 0.42 when the risk-free rate is 10% d. Find the beta for an asset with a required return of 14.970% when the risk-free rate and market return are 10% and 13.5%, respectively. a. The required return for an asset with a beta of 0.38 when the risk-free rate and market return are 3% and 11%, respectively, is [%. (Round to two decimal places.)