1. A stock has a beta of 0.8 and an expected return of 9.1 percent. A risk-free asset currently earns 3.1 percent. If a portfolio of the two assets has an expected return of 14 percent, what is its beta? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

2. A stock has an expected return of 9.3 percent, its beta is 1.1, and the risk-free rate is 3.3 percent. What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

3. A stock has an expected return of 13.6 percent, a beta of 1.5, and the expected return on the market is 11.8 percent. What must the risk-free rate be? (Do not round intermediate calculations. Enter your answer as a percent rounded to two decimal places.)