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Parr Paper's stock has a beta of 0.76 , and its required return is 7%. Clover Dairy's stock has a beta of 0.88 . If

image text in transcribed Parr Paper's stock has a beta of 0.76 , and its required return is 7%. Clover Dairy's stock has a beta of 0.88 . If the risk-free rate is 2.9%, what is the required rate of return on Clover's stock? (Hint: First find the market risk premium.) 7.65% 8.25% 8.55% 8.85% 7.95%

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