If a stock has a beta of $1\mathrm{.}0$ and a required rate of return of $9\mathrm{.}9$ percent, what is the

return on the market portfolio $($rM$)$ when the risk$-$free rate $($rRF$)$ is $1\mathrm{.}8$ percent and

the market is in equilibrium? Show your answer to the nearest $.1\%$ using whole

numbers $($e$.$g$.,$ enter $14\mathrm{.}1\%$ as $14\mathrm{.}1$ rather than $\mathrm{.}141).$

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