Moderna Incorporation's stock has a beta of 1.69, the

Last updated: 7/8/2022

Moderna Incorporation's stock has a beta of 1.69, the risk-free rate is 2.25%, and the market risk premium is 10.85%. What is the firm's required rate of return? Round your intermediate calculations to at least 4 decimal places. 16.78% 20.59% 16.09% 18.34%