Taguchi defines quality in terms of:

The owner of an annuity contract possesses all the following rights EXCEPT

A) to advance the deferred annuity's starting date to an earlier date than that which is stated in the contract at issue B) to determine the annuity income settlement option even when the annuitant is another person C) to cancel a deferred annuity at any time and receive its full cash value D) to designate the contract's annuitant and the beneficiary

The expected return for the market portfolio is 13%, the expected return on U.S. Treasury bills is 2%, and the

expected return on AAA-rated short-term corporate bonds is 7%. Calculate the required return for a stock with a beta equal to 1.5. What will be an ideal response?