a. Compute a fair rate of return for Intel common stock, which has a 1.2 beta. The risk-free rate is 5 percent, and the market portfolio (New York Stock Exchange stocks) has an expected return of 13 percent. b. Why is the rate you computed a fair rate? a. Using the CAPM, the fair rate of return for Intel common stock is %. (Round to two decimal places.) b. Why is the rate you computed in part (a) a fair rate? (Select the best choice below.) A. The computed 14.60% is a fair rate because it compensates the investor for the time value of money and for assuming risk. B. The computed 14.60% is a fair rate because it does not compensate the investor for the time value of money and for assuming risk