You have observed the following returns over time:

Year	Stock X		Stock Y		Market
2015	12	%	12	%	14	%
2016	17		5		12
2017	-15		-4		-11
2018	3		1		3
2019	22		8		18

Assume that the risk-free rate is 4% and the market risk premium is 3%.

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:

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: %

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.

%