A stock has a beta of 1.45, the expected return on the market is 19 percent, and the risk-free rate is 5.00 percent. What must the expected return on this stock be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

25.30%

Explanation:

This can be calculated by the Capital Asset Pricing Model (CAPM):

= Risk free rate + Beta * (Market return - Risk free rate)

= 5% + 1.45 * (19% - 5%)

= 5% + 20.3

= 25.30%

Answer is option b, i.e. Brand.

Explanation:

Budweiser, Heineken, Sam Adams, Corona, Guinness, and Miller are all brand competitors that are competing on the basis of their brand perceived by their customers in the brewing industry. All of these companies are leading beer selling companies and they compete for their brand recognition  by their respective customers.