You have observed the following returns over time:

Year	Stock X		Stock Y		Market
2017	15	%	12	%	12	%
2018	20		7		9
2019	-18		-6		-14
2020	4		2		2
2021	18		9		12

Assume that the risk-free rate is 5% and the market risk premium is 3%.

1. What are the betas of Stocks X and Y? Do not round intermediate calculations. Round your answers to two decimal places.

   Stock X:

   Stock Y:

2. What are the required rates of return on Stocks X and Y? Do not round intermediate calculations. Round your answers to two decimal places.

   Stock X: %

   Stock Y: %

3. What is the required rate of return on a portfolio consisting of 80% of Stock X and 20% of Stock Y? Do not round intermediate calculations. Round your answer to two decimal places.

   %