Halcyon Company stock has a beta of 2 and a required return of 23%, while Holly Company stock has a beta of 1.0 and a required return of 14%. The standard deviation of returns for Halcyon Company is 10% more than the standard deviation for Holly Company. The expected return on the market portfolio according to the CAPM is _____%.

Group of answer choices

9%.

10%.

12%.

14%.