QUESTION 11 Stock analysts expect HIH Insurance Winterthur International Holdings Limited stock to reach a return of 14 3 percent this year. The return on the Treasury Bill, or the risk-free rate, should remain stable at 32 percent. After the current turmoil, the S&P 500 could end the year with an 11 3 percent return, which constitutes a solid expected market return. What should HIH's beta be? 094 1.08 121 088 137