You own $$15,000$ of Opsware, Incorporated stock that has a beta of $3\mathrm{.}8.$ You also own $$10,000$ of Lowe's Companies $($beta $=1\mathrm{.}6)$ and $$10,000$ of New York Times $($beta $=0\mathrm{.}8).$ Assume that the market return will be $12$ percent and the risk$-$free rate is $6$ percent.

What is the market risk premium?

What is the risk premium of each stock?

What is the risk premium of the portfolio?

Note: Do not round intermediate calculations and round your final answers to $2$ decimal places.