BETA COEFFICIENT Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: L = 14%; rRF = 6.6%; rm = 9.5%. Round your answer to two decimal places. PORTFOLIO BETA Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 2.27. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for $7,500 and use the proceeds to buy another stock with a beta of 1.30. What would your portfolio's new beta be? Do not round intermediate calculations. Round your answer to two decimal places. CAPM AND REQUIRED RETURN HR Industries (HRI) has a beta of 2.0, while LR Industries's (LRI) beta is 0.7. The risk-free rate is 6%, and the required rate of return on an average stock is 13%. The expected rate of inflation built into Pre falls by 1.5 percentage points; the real risk-free rate remains constant; the required return on the market falls to 10.5%; and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI and LRI? Round your answer to two decimal places. %