Consider a world where the CAPM holds for all securities. The risk-free rate is 2%, and the standard deviation of the market portfolio is 18%. Apple, a risky security, has a correlation of 0.5 with the market portfolio, an expected return of 14%, and a standard deviation of 24%.

What is the risk premia on American Airlines stock, if it has a CAPM beta of 1.2?

Carry forward at least 4 decimal places and report your answer in percentage points without the percent sign (for example 10.35 for an expected return of 10.35%)