Question 10 The table lists the monthly total returns on Wal-Mart Stores Inc. common stock and the market rates of return for a 24-month period. Observation Month Market rate of return (%) 4.18 -2.11 2.74 2.43 -0.01 -2.77 5.78 Wal-Mart rate of return (%) 3.29 1.28 -0.26 14.78 -1.35 -1.05 -1.24 -1.41 -5.11 -4.24 -4.50 1.48 -9.46 0.17 -11.72 2.80 -1.01 0.42 1.39 -1.70 Aug 2014 Sep 2014 Oct 2014 Nov 2014 Dec 2014 Jan 2015 Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 Mar 2016 Apr 2016 May 2016 Jun 2016 Jul 2016 1.65 -6.00 -2.95 7.86 5.05 8.25 -0.03 4.01 -237 6.62 3.16 -0.07 0.56 -2.04 -5.67 -0.02 7.03 0.63 1.79 0.23 3.97 Estimate beta to two decimal places for Wal-Mart based on this data. If beta is negative, then include a minus sign. Hint: see Examples 16 and 17 in the lecture. -0.37 0.89 0.42 -0.04 - 0.20 Question 11 7 pts The expected annual return on the market portfolio is 7.13%. The mean annual return on T-bills if 3.27%. Beta for The Boeing Company is 0.87. Based on the CAPM, what is the expected annual rate of return for Boeing? Do not round at intermediate steps in your calculation. Express your answer in percent. Round to two decimal places