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Problem 13-14 Using CAPM (LO4] A stock has an expected return of 12 percent, the risk-free rate is 3.5 percent, and the market risk premium

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Problem 13-14 Using CAPM (LO4] A stock has an expected return of 12 percent, the risk-free rate is 3.5 percent, and the market risk premium is 5 percent. What must the beta of this stock be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Beta of stock 5.67 X

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