Stock A has a beta of 1.30 , and its required return is 12.47%. Stock B's beta is 0.80 . If the risk-free rate is 2.85%, what is the required rate of return on B's stock? (Hint: First find the market risk premium.) Do not round your intermediate calculations. a. 9.62% b. 7.40% c. 8.77% d. 8.24% e. 9.43% Nagel Equipment has a beta of 0.76 and an expected dividend growth rate of 3.40% per year. The T-bill rate is 4.00%, and the T-bond rate is 4.75%. The annual return on the stock market during the past 4 years was 10.25\%. Investors expect the average annual future return on the market to be 12.75\%. Using the SML, what is the firm's required rate of return? Do not round your intermediate calculations. a. 8.93% b. 10,83% c. 9.69% d. 10.65% e. 14.23%