Suppose the risk-free retum is 3.3% and the market portiolio has an expected return of 9.7% and a voatily of 17.1%. Merck 8 Co. (Ticker. MRK) stock has a 20.3% volatility and a correlation with the markot of 0.041 . a. What is Merck's bota with respect to the market? b. Under the CAPM assumptions, what is its expected return? a. What is Merck's beta with respect to the marker? Merck's beta with respect to the market is (Round to three decimal places.) b. Under the CAPM assumptions, what is is expected return? Under the CAPM assurnotions, its expected return is 4. (Round to two decimal places.)