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Required: Investors expect the morket rate of retum this year to be 15.50%. The expected rate of return on a stocic wath a beta of

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Required: Investors expect the morket rate of retum this year to be 15.50%. The expected rate of return on a stocic wath a beta of 1.4 is currently 21.70%. If the market retum this year turns out to be 12.90%, how would you revise your expectation of the rate of return on the stock? (Do not round intermediate calculations. Round your answer to 1 decimal place.)

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