Suppose the risk$-$free interest rate is $3\%$ and market expected return is $7\%.$

a$)$ What is market risk premium?

$($express in percentages, round to $1$ decimals$)\%$

b$)$ A firm has return that goes up on average by $20\%$ when the market goes up for $16\%$ and goes

down by $20\%$ when the market goes down for $16\%.$ Calculate its beta!

$($express in absolute number, round to $1$ decimal$)$

c$)$ What is the stock expected return?

$($express in percentages, round to $1$ decimal$)\%$

$(8)$