Stock A has a beta of 1.47 while stock B has a beta of 1.08 and an expected return of 13.2 percent. What is the expected return on stock A if the risk-free rate is 4.5 percent and both stocks have equal reward-to-risk premiums?

Select one:

a. 17.78 percent

b. 15.07 percent

c. 12.12 percent

d. 16.34 percent