Chapter 9 0 Seved 4 Problem 9-9 7.14 paints Consider the following table, which gives a security analyst's expected return on two stocks in two particular scenarios for the rate of retum on the market: Market Return Aggressive Stock 54 23 37 Defensive Stock 31 10 cBook a. What are the betas of the two stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Print Beta n References Aggressive stock Defensive stock 2.22 0.39 b. What is the expected rate of return on each stock if the two scenarios for the market return are equally likely to be 5% or 23%? (Do not round intermediate calculations. Round your answers to 1 decimal place.) Aggressive stock Defensive stock Expected Rate of Return 17.0% 6.5% e. What hurdle rate should be used by the management of the aggressive firm for a project with the risk characteristics of the defensive firm's stock if the two scenarios for the market return are equally likely? Also, assume a T-Bill rate of 3%. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Hurdle rate