A stock has an expected return of 15.0 percent, its beta is .90, and the risk-free rate is 5.3 percent. What must the expected return on the market be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Expected return

%

A stock has a beta of 1.3 and an expected return of 15.0 percent. If the risk-free rate is 2.8 percent, what is the market risk premium? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Market risk premium

%