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The variance of the market returns is 0.0675, and the covariance of the returns on Windsor stock and the market is 0.08775. If the risk-free

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The variance of the market returns is 0.0675, and the covariance of the returns on Windsor stock and the market is 0.08775. If the risk-free rate is 7.0 percent and the market risk premium is 9.0 percent, what is the required rate of return of Windsor? (Round answer to 2 decimal places, e.g. 2.36%.) Required rate of return %

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