Qu$$stion $15$

$10$ p

The expected return on JK stock is $15\mathrm{.}78$ percent while the expected return on the market is $11\mathrm{.}34$ percent. The stock's beta is $1\mathrm{.}51.$ What is the risk$-$free rate of return?

$2\mathrm{.}22$

$2\mathrm{.}31$

$2\mathrm{.}42$

$2\mathrm{.}69$