The expected return on HiLo stock is 14.70 percent while the expected return on the market is 13.6 percent. The beta of HiLo is 1.23. Using the Capital Asset Pricing Model find out the risk-free rate of return?

Select one:

A.

2.31%

B.

10.05%

C.

1.10%

D.

4.41%

E.

8.82%