ou have observed the following returns over time:

Year	Stock X		Stock Y		Market
2014	13	%	13	%	14	%
2015	20		5		9
2016	-16		-2		-12
2017	3		3		3
2018	24		12		16

Assume that the risk-free rate is 7% and the market risk premium is 5%.

1. What are the betas of Stocks X and Y? Do not round intermediate calculations. Round your answers to two decimal places.

   Stock X:

   Stock Y:

2. What are the required rates of return on Stocks X and Y? Do not round intermediate calculations. Round your answers to two decimal places.

   Stock X: %

   Stock Y: %

3. What is the required rate of return on a portfolio consisting of 80% of Stock X and 20% of Stock Y? Do not round intermediate calculations. Round your answer to two decimal places.

   %