Stock A has a beta of 1.30, and its required return is 13.69%. Stock B's beta is 0.80. If the risk-free rate is 2.90%, 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. 8.30%

b. 10.79%

c. 10.21%

d. 9.54%

e. 9.00%