Your credit card company charges interest at the rate of 24.04% per year on outstanding balance but interest is charged monthly. Compute the effective rate of interest you are actually paying using monthly compounding. Express the result in percent and keep two digits after the decimal point in the answer. (5 pts) Assume that the risk-free rate of return (Rp) is 4% and return on the market portfolio is 8.2 percent. Compute the required rate of return on a security that has a beta of 0.7. Keep two digits after the decimal point and express in percentage. (4 pts)