show all work using formulas please

3. (1 point) During the coming year, the market risk premium is expected to fall, while the risk free rate is expected to stay the same. Given this statement, which of the following is correct? a. The required return for all stocks will fall by the same amount b. The required return will fall for all stocks, but it will fall less for stocks with higher betas. c. The required return will fall for all stocks, but it will fall less for stocks with lower betas. d. The required return will decrease for stocks with beta greater than 1.0, and will increase for stocks with a beta less than 1.0. Show me with a graph of the SML with a risk free rate of 4% and an expected return on the market of 11%