A stock has an expected return of 11 percent, its beta is 1.20 , and the risk-free rate is 4.4 percent. What must the expected return on the market be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. A stock has an expected return of 11 percent, its beta is 1.20 , and the risk-free rate is 4.4 percent. What must the expected return on the market be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct