The attached file contains hypothetical data for working this problem. Goodman Corporations and Landry Incorporateds stock prices and dividends, along with the Market Index, are shown in the file. Stock prices are reported for December 31 of each year, and dividends reflect those paid during the year. The market data are adjusted to include dividends.

Data as given in the problem are shown below:
	Goodman Industries		Landry Incorporated		Market Index
Year	Stock Price	Dividend	Stock Price	Dividend	Includes Divs.
2020	$30.32	$2.23	$85.12	$3.52	18,475.97
2019	$23.53	$2.65	$79.32	$3.65	12,174.55
2018	$28.61	$2.73	$74.32	$3.45	12,019.97
2017	$15.21	$2.57	$87.12	$3.47	10,743.05
2016	$12.63	$2.23	$95.12	$3.55	9,455.42
2015	$13.21	$2.25	$84.25	$3.25	8,163.96

e. The risk-free rate on long-term Treasury bonds is 8.04%. Assume that the market risk premium is 6%. What is the expected return on the market? Now use the SML equation to calculate the two companies' required returns.