You expect the risk-free rate (RFR) to be 4.8 percent and the market return to be 6.6 percent. You also have the following information about three stocks. Current Expected Expected Stock Beta Price Price Dividend X 1.25 $20 $23 $1.25 Y 1.5 $27 $29 $0.25 1.8 z $35 $38 $1.00 What is the expected (required) rate of return for the stock Z? (Keep 4 decimal places)