Please answer the following. Show your calculations for potential partial credit.

Assume the expected return on the market is 12 percent and the risk-free rate is 4 percent.

A.)What is the expected return for a stock with a beta equal to 1.50? (Round answers to 2 decimal places, e.g. 0.25.)

B.)What is the market risk premium? (Round answers to 2 decimal places, e.g. 0.25.)