Stock Y is trading on a certain financial market that promises to give it a return of 20% and its sensitivity to the market is 1.50. Given that the Treasury bill rate in the economy of trading is 12%,...

Stock Y is trading on a certain financial market that promises to give it a return of 20% and its sensitivity to the market is 1.50. Given that the Treasury bill rate in the economy of trading is 12%, determine the expected return on stock Y using the CAPM.