Question 9 You have the following information: t1 t2 t3 t4 PEP Returns -0.06 0.01 0.01 -0.05 Market Returns 0.09 0.01 0.01 0.01 Assume the risk-free rate is 2% and the historical market risk premium is 5%. What is the rate of return required by investors of PEP? Type your answer as percentage and not as decimal (i.e. 5.2% and not 0.052). Round your answer to the nearest four decimals if needed. 0.77 pts