The following table shows betas for several companies. Calculate each stock’s expected rate of return using the CAPM. Assume the risk-free rate of interest is 7%. Use a 8% risk premium for the market portfolio. (Round your answers to 2 decimal places.)
Company Beta Cost of Capital
Cisco 1.44 %
Apple 1.66 %
Hershey 0.61 %
Coca-Cola 0.81 %