Attempts: Average: /1 9. Problem 8.09 Click here to read the eBook: The Relationship between Risk and Rates of Return REQUIRED RATE OF RETURN Stock R has a beta of 1.8, Stock S has a beta of 0.65, the required return on an average stock is 9%, and the risk-free rate of return is 7%. By how much does the required return on the niskier stock exceed the required return on the less risky stock? Round your answer to two decimal places. %