The following table shows betas for several companies. Calculate each stock’s expected rate of return using the CAPM. Assume the risk-free rate of interest is 7%. Use a 8% risk premium for the market portfolio. (Round your answers to 2 decimal places.)
Company.... Beta ........Cost of Capital
Cisco........ 1.44 ........__________ %
Apple......... 1.66 ........__________ %
Hershey...... 0.61 ........__________ %
Coca-Cola... 0.81 ........__________ %