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The average return on a security with a beta of 0.3 is $13.09 per year. The risk free rate is 0.02 and the return

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The average return on a security with a beta of 0.3 is $13.09 per year. The risk free rate is 0.02 and the return on the market portfolio is 0.09. What is the appropriate value of this security based on this information? (Answer to 2 decimal places) If you were given the additional information that the probability of default is 0.04, what would the value of the security be? (Answer to 2 decimal places)

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