Apple's stock has a beta of $1\mathrm{.}2$ and an expected return of $11\mathrm{.}6\%.$ A risk$-$free asset has a return of $3\mathrm{.}2\%($this is the risk$-$free interest rate$).$

What is the Market Risk Premium?

$8\mathrm{.}4\%$

$7\%$

$6\mathrm{.}50\%$

$9\mathrm{.}67\%$