The risk$-$free rate on long$-$term Treasury bonds is $6\mathrm{.}42\%.$ Assume that the market risk premium is $5\%.$ What is the required return on the market? Round your answer to two decimal places.

Now use the SML equation to calculate the two companie

Suppose an investor wants to include some Goodman Industries stock in his portfolio. Stocks A$,$ B$,$ and C are currently in the portfolio, and their betas are $0\mathrm{.}673,0\mathrm{.}899,$ and $1\mathrm{.}616,$ respectively. Calculate the new portfolio's required return if it consists of $30\%$ Goodman, $20\%$ Stock A$,35\%$ Stock B$,$ and $15\%$ Stock C$.$ Round your answer to two decimal places.