You have observed the following returns over time:

Year	Stock X		Stock Y		Market
2011	13	%	11	%	10	%
2012	20		7		9
2013	-13		-6		-10
2014	3		1		1
2015	20		11		17

Assume that the risk-free rate is 4% and the market risk premium is 6%.

1. What is the beta of Stock X? Do not round intermediate calculations. Round your answer to two decimal places.

   What is the beta of Stock Y? Do not round intermediate calculations. Round your answer to two decimal places.

2. What is the required rate of return on Stock X? Do not round intermediate calculations. Round your answer to one decimal place.

   %

   What is the required rate of return on Stock Y? Do not round intermediate calculations. Round your answer to one decimal place.

   %

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 one decimal place.

   %