$12-$Suppose the risk$-$free return is $3\mathrm{.}48\%$ and the market portfolio has an expected return of $10\mathrm{.}08\%$ and a standard deviation of $15\mathrm{.}07\%.$ Pepsico stock has a beta of $0\mathrm{.}69.$ What is its expected return?

The expected return of Pepsico stock is

$\%.($Round to two decimal places.$)$