Review the following market information: Current Stock Market Return 11.25% Current T-Bill Price $979.43 Historic T-Bill Average Return 2.80% Historic Stock Market Average Return 8.10% Stock Beta 0.84...

Review the following market information:

Current Stock Market Return                    11.25%

Current T-Bill Price                                       $979.43

Historic T-Bill Average Return                   2.80%

Historic Stock Market Average Return     8.10%

Stock Beta                                                     0.84

What is the required return (rounded to two places)?