Stock FM has a standard deviation of 24.9 percent and a correlation coefficient of 0.59 with market returns. The standard deviation of market return is 19.9 percent, and the expected return is 15.9 percent. The risk-free rate is 6.4 percent.
What is the beta of stock FM? (Round answer to 3 decimal places, e.g. 0.364.)
What is the required rate of return of stock FM by the CAPM model? (Round answer to 3 decimal places, e.g. 11.361%.)