Use the following information for the next 3 questions. The stock of Tiffany & Co. is expected to return 24% annually. The stock of Inter Parfums, Inc. is expected to return 32% annually. The beta of the Tiffany & Co. stock is 1.80, and the beta of the Inter Parfums, Inc. stock is 2.20. The risk-free rate of return is expected to be 2%, but the return on the market portfolio is 15%. Question 14 (3.33 points) Based on the Security Market Line (SML), what is the equilibrium rate of return for Tiffany & Co.? 25.4% U 27.0% 29.0% KID 23.4% Question 15 (3.33 points) Based on the Security Market Line (SML), what is the equilibrium rate of return for Inter Parfums, Inc.? CU 30.6% CD 33.0% 28,6% 35,0% Comparing the equilibrium rates of return calculated using SML with the expected returns provided, which security is a better buy? Tiffany & Co. is a better buy since the equilibrium rate of the return is less than the expected return. Tiffany & Co. is a better buy since the equilibrium rate of the return is greater than the expected return. Inter Parfums, Inc. is a better buy since the equilibrium rate of the return is less than the expected return. Inter Parfums, Inc. is a better buy since the equilibrium rate of the return is greater than the expected return