Required Rate of Return Stock R has a beta of 1.6, Stock S has a beta of 0.85, the expected rate of return on an average stock is 13%, and the risk- free rate is 3%. By how much does the required return on the riskier stock exceed that on the less risky stock? Do not round intermediate calculations. Round your answer to two decimal places. 23.8 % Hide Feedback Incorrect DE bongo