15) A stock has an expected rate of return of 15.5%, beta of 1.45, and standard deviation of 21%. Assume the risk-free rate is 3.25%. What is the risk premium on this stock?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.