A stock has an expected return of $12\mathrm{.}6$ percent and a beta of $1\mathrm{.}17,$ and the expected return on the market is $11\mathrm{.}6$ percent.

Required:

What must the risk$-$free rate be$?($Do not round intermediate calculations. Enter your answer as a percentage rounded to $2$ decimal"places $($e$.$g$.,32\mathrm{.}16).)$

Risk$-$free rate

$\%$