Suppose you are given the following information:

ABC Corporation: Expected Return = 15.60%, Beta = 1.8

XYZ Corporation: Expected Return = 9.09%, Beta = 0.96

Assume that both assets are priced correctly according to CAPM

Calcualte the

1. Risk Free Rate %

2. Market Risk Premium %

please explain step by step. I will thumbs you up. Thanks.

(make equations equal to each other then solve?)