Investment bankers at Cowen & Co. announced that the stock of Planet Fitness (ticker: PLNT) has a beta = 1.4 and an E(R) = 14.50%. If Rm = 11.5%, what is the current return on U.S. T-bills? a. 3.50...

Investment bankers at Cowen & Co. announced that the stock of Planet Fitness (ticker: PLNT) has a beta = 1.4 and an E(R) = 14.50%. If Rm = 11.5%, what is the current return on U.S. T-bills?

a. 3.50 percent

b. 2.85 percent