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Mulherin's stock bas a beta of 1.23 , its required return is 11.75%, and the risk-free rate is 2.30%. What is the required rate of

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Mulherin's stock bas a beta of 1.23 , its required return is 11.75%, and the risk-free rate is 2.30%. What is the required rate of return on the market? (Hint: First find the market risk premium.) Do not round your intermediate calculations: a. 8.19% b. 7.69% c. 10.58% d. 9.98% . 12384

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