You own $14,760 of Dennys Corp stock that has an assumed beta of 2.90. You also own $29,028 of Qwest Communications (assumed beta = 1.50) and $5,412 of Southwest Airlines (assumed beta = 1.08). Assume that the market return will be 11.0 percent and the risk-free rate is 6.0 percent.

What is the market risk premium?

What is the risk premium of each stock? (Round your answers to 2 decimal places.)

What is the risk premium of the portfolio? (Do not round intermediate calculations and round your final answer to 2 decimal places.