Problem $13-13$ Using CAPM LO$1,4)$

A stock has a beta of $1\mathrm{.}15,$ the expected return on the market is $10\mathrm{.}5\%,$ and the risk$-$free rate is $4\mathrm{.}0\%.$ What must the expected return on this stock be$?($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Expected return

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