You are given the following information corporate stock P and the market:

A. The annual effective risk-free rate is 9.

B. The expected return and volatility for corporate stock P and the market are shown in the table below: Expected Return Volatility

corporate stock P 6 21

Market 4 21

C. The correlation between the returns of corporate stock P and the market is 20. Assume the Capital Asset Pricing Model holds.

Calculate the required return for corporate stock P ?