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(Capital Asset Pricing Model) Breckenridge, Inc., has a beta of 0.83. If the expected market return is 12.5 percent and the risk-free rate is 7.0

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(Capital Asset Pricing Model) Breckenridge, Inc., has a beta of 0.83. If the expected market return is 12.5 percent and the risk-free rate is 7.0 percent, what is the appropriate expected return of Breckenridge (using the CAPM)? The appropriate expected return of Breckenridge is %. (Round to two decimal places.)

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