Question $12$

Tom fowler. has a beta of $2\mathrm{.}45.$ If the current rate on Treasury Bills is observed to be $4\mathrm{.}5\%$ and the stock market has an expected risk premium requirement of $8\%,$ investors can expect a return of $29\mathrm{.}70\%$ on the stock. What is the required rate of return?

$19\mathrm{.}60\%$

$15\mathrm{.}10\%$

$24\mathrm{.}10\%$

$17\mathrm{.}45\%$