In a market where the CAPM holds, the share in the life-science company Ass Halloj! an expected return of 18.02% and a covariance (calculated in percentages not in decimal form) with the market portfolio of 1210.14. The market portfolio, in turn, has an expected return of 12.08% and a standard deviation of 27.00% Calculate the risk-free asset's return. Enter your answer in percentages and round your answer to 2 decimal places, e.g. if your answer is 3.2516% then answer 3.25.