Question $24$

$56\mathrm{.}25$ pts

If the risk$-$free rate is $8\mathrm{.}5$ percent and the market risk premium is $3\mathrm{.}0$ percent, what is the required return for the market?

$5\mathrm{.}5\%$

$3\mathrm{.}0\%$

$11\mathrm{.}5\%$

$8\mathrm{.}5\%$