P8-17 (similar to) Question Help (Capital Asset Pricing Model) Breckenridge, Inc., has a beta of 0.75. If the expected market return is 12.0 percent and the risk-free rate is 5.5 percent, what is the appropriate expected return of Breckenridge (using the CAPM)? The appropriate expected return of Breckenridge is |%. (Round to two decimal places.)