The correlation coefficient between the returns of a stock and market is 0.68. The standard deviation of annual returns is 0.69 for the stock and 0.34 for the market. If the risk-free rate is 1% and the expected market risk premium is 12%, what is the stock's expected return? The stock's expected return is | |%. (Provide the answer in % and round to two decimal places.) During the last 10 years, a stock's covariance with the S&P 500 index has been 0.033 and the standard deviation of S&P 500 annual returns has been 0.275. What is this stock's beta based on this information? The beta of the stock is. (Round to two decimal places.)