Consider the following table, which gives a security analyst's expected return on two stocks for two particular market returns:

Market Return	Aggressive Stock	Defensive Stock
8%	3.8%	5.0%
20	32	15

a. What are the betas of the two stocks? (Round your answers to 2 decimal places.)

Beta A ???
Beta D . ???

b. What is the expected rate of return on each stock if the market return is equally likely to be 8% or 20%? (Round your answers to 2 decimal places.)

Rate of return on A ???	%
Rate of return on D ???	%

c. If the T-bill rate is 7%, and the market return is equally likely to be 8% or 20%, what are the alphas of the two stocks? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.)

Alpha A ???	%
Alpha D ???	%