A stock has a beta of $1\mathrm{.}11,$ the expected return on the market is $10\mathrm{.}5$ percent, and the risk$-$free rate is $4\mathrm{.}7$ percent. What must the expected return on this stock be$?$

Note: Do'not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Expected return

$\%$