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P13-16 Using CAPM [LO4] A stock has an expected return of 16 percent, its beta is 1.45, and the expected return on the market is

P13-16 Using CAPM [LO4] A stock has an expected return of 16 percent, its beta is 1.45, and the expected return on the market is 13 percent. What must the risk-free rate be? (Do not round your intermediate calculations.) A. 6.65% B. 6.59% C. 6.02% D. -2.85% E. 6.33%

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