of 9 8% and a volatility of 17.7%, Merck & Co. (Ticker: MRK) stock has a 21.8% suppose the risk-free retumis3.8% and he market portfolio has an expected et volatility and a correlation with the market of 0.045 1 a. What is Merck's beta with respect to the market? 1 b. Under the CAPM assumptions, what is its expected return? a. What is Merck's beta with respect to the market? 92 1 Merck's beta with respect to the market is. (Round to three decimal places.) 92. 1 90 1637 ctual