Consider the following two scenarios for the economy and the expected returns in each scenario for the market portfolio, an aggressive stock A, and a defensive stock D

Consider the following two scenarios for the economy and the expected returns in each scenario for the market portfolio, an aggressive stock A, and a defensive stock D.

 Rate of Return

Scenario Market Aggressive

Stock A Defensive

Stock D Bust  -8%  -10%  -5%

 Boom  30   40   22  

If the T-bill rate is 3%, what does the CAPM say about the fair expected rate of return on the two stocks? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Expected Rate of Return

Stock A_________%

Stock D__________%