Company A has a beta of 0.70, while Company B’s beta is 1.20. The required return on the stock market is 11.00%, and the risk-free rate is 4.25%. What is the difference between A’s and B’s required rates of return? (Hint: find the required return for each stock and then take the difference.)Ryngaert Inc. recently issued noncallable bonds that mature in 12 years. They have a par value of $1,000 and an annual coupon of 6.7%. If the current market interest rate is 9.0%, at what price should the bonds sell?