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$7.$ Problem $8-7$

Given a risk$-$free rate $(r_f)$ of $4$ percent and a market risk premium $(r_m-r_f)$ of $7$ percent, calculate the required rate of return on each of the following stocks, based on the betas given in Table $8-8.$ Round your answers to one decimal place.

a$.$ American Electric Power

$\%$

b$.$ Citigroup

$\%$

c$.$ General Mills

$\%$

d$.$ Wynn Resorts

$\%$

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