(Required rate of return using CAPM) a. Compute a fair rate of return for Intel common stock, which has a 1.9 beta. The risk-free rate is 8 percent, and the market portfolio (New York Stock Exchange stocks) has an expected return of 14 percent. b. Why is the rate you computed a fair rate? a. Using the CAPM, the fair rate of return for Intel common stock is %. (Round to two decimal places.)