\\\\table[[Stock

Y

has a beta of 1.2 and an expected return of 11.5 percent. Stock

Z

has a beta of .80 and an expected return of 8.5 percent. If the,,],[risk-free rate is 3.2 percent and the market risk premium is 6.8 percent, the reward-to-risk ratios for Stocks

Y

and

Z

are,,],[and,percent, respectively. Since the SML reward-to-risk is,percent,],[Stock

Y

is,and Stock

Z

is,(Do not round intermediate calculations and enter your answers]]

\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Stock Y has a beta of 1.2 and an expected return of 11.5 percent. Stock Z has a beta of .80 and an expected return of 8.5 percent. If the } \\ \hline \multicolumn{3}{|c|}{ risk-free rate is 3.2 percent and the market risk premium is 6.8 percent, the reward-to-risk ratios for Stocks Y and } & \multirow[b]{2}{*}{ percent, } \\ \hline and & percent, respe & -to-risk is & \\ \hline Stock Y is & and Stock Z is & \multicolumn{2}{|c|}{\begin{tabular}{l} (Do not round intermediate calculations and enter your answers \\ as a percent rounded to 2 decimal places, e.g., 32.16 .) \end{tabular}} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Stock Y has a beta of 1.2 and an expected return of 11.5 percent. Stock Z has a beta of .80 and an expected return of 8.5 percent. If the } \\ \hline \multicolumn{3}{|c|}{ risk-free rate is 3.2 percent and the market risk premium is 6.8 percent, the reward-to-risk ratios for Stocks Y and } & \multirow[b]{2}{*}{ percent, } \\ \hline and & percent, respe & -to-risk is & \\ \hline Stock Y is & and Stock Z is & \multicolumn{2}{|c|}{\begin{tabular}{l} (Do not round intermediate calculations and enter your answers \\ as a percent rounded to 2 decimal places, e.g., 32.16 .) \end{tabular}} \\ \hline \end{tabular}