On pages 375-376, the text discusses the security market line, also known as the CAPM. The Capital Asset Pricing Model (CAPM) states that expected return of a stock portfolio is based on the following formula: R = RFR + (MR - RFR) LaTeX: \beta where: R is the expected rate of return RFR is the risk-free rate of return (such as a t-bill) MR is the market rate of return LaTeX: \beta is the beta CALCULATE THE RATE OF RETURN FOR A PORTFOLIO, USING THE FOLLOWING GIVEN NUMBERS: RFR is 4%, MR is 8%, LaTeX: \beta is .75 Expected rate of return = _____________