A stock has a beta of $1\mathrm{.}32,$ the expected return on the market is $10$ percent, and the risk$-$

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

intermediate calculations and enter your answer as a percent rounded to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

Expected return