Risk \& Return: Q=1.25;rf=2%; and RM=12%. Cash Flows: g=5% and is constant; the last dividend paid was D0=$2.00 a. If the current price of stock Q is P0=$22.105, find the actual rate of return on stock Q. Note: Q is a constant growth stock. (8 points) b. Find the equilibrium rate of return for stock Q. (6 points) c. (i) Combine M and F so that its beta is identical to Q. Show the level of return. Call this combination portfolio P. (4 points) (ii) Find the level of arbitrage return from buying P and selling Q. (4 points)