The Treasury bill rate is 3.5%, and the expected return on the market portfolio is 11.0%. Use the capital asset pricing model. What is the risk premium on the market? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) Risk premium What is the required return on an investment with a beta of 1.2? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Required return If an investment with a beta of .38 offers an expected return of 7.8%, does it have a positive NPV? No Yes If the market expects a return of 10.6% from stock X, what is its beta? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Beta