Question: Problem 11-14 Using CAPM A stock has an expected return of 16.5 percent, its beta is 1.50, and the risk-free rate is 4.5 percent.

Problem 11-14 Using CAPM A stock has an expected return of 16.5 percent, its beta is 1.50, and the risk-free rate is 4.5 percent. What must the expected return on the market be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Market expected return %

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