A stock has a required return of 13%; the risk-free rate is 5%; and the market risk premium is 6%.
What is the stock's beta? Round your answer to two decimal places.
If the market risk premium increased to 10%, what would happen to the stock's required rate of return? Assume the risk-free rate and the beta remain unchanged.
New stock's required rate of return will be %. Round your answer to two decimal places.