The risk-free rate is 5% and the expected rate of return on the market portfolio is 12%. a. Calculate the required rate of return on a security with a beta of 1.64. (Do not round intermediate...

The risk-free rate is 5% and the expected rate of return on the market portfolio is 12%.

a.
Calculate the required rate of return on a security with a beta of 1.64.
(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)