Question 9 (5 points) The raw beta estimates for Target, J.P. Morgan Chase & Company, and the Boeing Company are 0.68, 1.17, and 1.66, respectively. In your written response, please start with question numbers such as a) or b) before showing your work and answer to the question. a) Calculate the adjusted betas for the three companies based on Blume (1971). (2 points) b) Assume a risk-free rate of 3% and the equity (market) risk premium of 5%. Calculate the required rates of the returns for these three stocks using the CAPM. (3 points)