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Suppose you hold the following stocks in your portfolio, thier Beta and their corresponding returns are as follows: Stocks Invested amount Beta Return Brooks Bro.

Suppose you hold the following stocks in your portfolio, thier Beta and their corresponding returns are as follows:

Stocks Invested amount Beta Return Brooks Bro. $971 1.6 6% Samsung $105 1.6 8% Macy's $100 0.6 2%

If the risk-free rate is 2% and the average market return is 10% then, what is the required return for Samsung? (Round your answer to 2 decimal point)

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