Assume that the average market price of risk in the U.S. is 1.46, the standard deviation of S&P 500 (i.e., market portfolio) is 0.21, the risk-free rate is 0.04, what should be the expected return of S&P 500? Round your answer to 4 decimal places. For example, if your answer is 3.205%, then please write down 0.0321