A stock has a beta of $1\mathrm{.}15,$ the expected return on the market is $11\mathrm{.}8\%,$ and the risk$-$

free rate is $5\mathrm{.}3\%.$ What must the expected return on this stock be$?($Do not round

intermediate calculations. Round the final answer to $2$ decimal places.$)$

Expected return

$\%$