Appollo Ltd shares have a beta of 2.15. If the market's expected return decreases by 12 percent, what reaction should investors in Appollo Ltd shares expect?
a. The share price should decrease by 12 percent.
b. The share price should increase by 12 percent.
c. It is impossible to say without knowing the risk free rate of return.
d. The share price should decrease by almost 26 percent.
e. The share price should increase by almost 25 percent.