Question 35 The variance of the market returns is 0.0645, and the covariance of the returns on Martinez stock and the market is 0.10965. If the risk-free rate is 6.4 percent and the market risk premium is 8.4 percent, what is the required rate of return of Martinez? (Round answer to 2 decimal places, e.g. 2.36%.) Required rate of return %