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Mulherin's stock has a beta of 1.23, its required return is 8.75%, and the risk-free rate is 4.30%. What is the required rate of return

Mulherin's stock has a beta of 1.23, its required return is 8.75%, and the risk-free rate is 4.30%. What is the required rate of return on the market? (Hint: First find the market risk premium.) 1. 6.26% 2. 7.21% 3. 5.94% 4. 7.92% 5. 8.63%

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