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Suppose that the Treasury bill rate is 4% and the expected return on the market stays at 9%. Use the following information. Stock Beta Caterpillar

Suppose that the Treasury bill rate is 4% and the expected return on the market stays at 9%. Use the following information.

Stock Beta
Caterpillar 1.72
Dow Chemical 1.51
Ford 1.34
Microsoft .92
Apple .93
Johnson & Johnson .61
Walmart .57
Campbell Soup .29
Consolidated Edison .19
Newmont .00

a. Calculate the expected return from Johnson & Johnson. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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