Stock A's stock has a beta of 1.30, and its required return is 11.50%. Stock B's beta is 0.80. If the risk-free rate is 2.75%, what is the required rate of return on B's stock? (Hint: First find the market risk premium.) Do not round your intermediate calculations.

Group of answer choices

9.27%

8.13%

7.89%

8.05%

9.60%