A stock has an expected return of $12\mathrm{.}89$ percent. The beta of the stock is $1\mathrm{.}2$ and the risk$-$free rate is $5$ percent. What is the market risk premium?

$($Answer in a percentage, but do not include the $\%$ sign and round to two decimal places, i$.$e$.,18\mathrm{.}35)$

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