The beta for Bennis Inc. is 1.1, the Risk-Free rate, Rr, is 6% and the expected return on the Market Portfolio, Rm. is 10%, Bennis' common stock price is $27.00, last year's dividend was $2.10, and the expected growth rate for the foreseeable future is 3%. Based on the CAPM the required return for Bennis's common stock is: 10.40% 11.77% 12.01% 13.37% Question 8 2.5 pts The beta for Bennis Inc. is 1.1, the Risk-Free rate, Re, is 6% and the expected return on the Market Portfolio, Rm. is 10%, Bennis common stock price is $27.00, last year's dividend was $2.10, and the expected growth rate for the foreseeable future is 3%. Assuming that markets are efficient: The expected return on Bennis stock is greater than the required return and the stock is overvalued. The expected return on Bennis' stock is greater than the required return and the stock is undervalued O The expected return on Bennis'stock is less than the required return and the stock is overvalued The expected return on Bennis stock is less than the required return and the stock is undervalued