The local stock index is expected to rise by 20% over the coming year. The local T-bill yield is 3%. Cool Technologies is currently trading at $40.50 per share and its beta is 2.3. You are considering buying 1,000 shares of Cool Technologies. Cool Technologies bid price is $40, and its ask price is $41. The market risk premium for Cool Technologies is---------------%. a.23% b. 18.25%

c. 17% d. 39.10%