Problem $13-27$ SML $($LO$4)$

$10$ points

References

Suppose you observe the following situation:

$\backslash$table$[[$Security$,$Beta,Expected Return$],[$Pete Corp.,$1\mathrm{.}30,0\mathrm{.}140],[$Repete Co$.,0\mathrm{.}99,0\mathrm{.}113]]$

Assume these securities are correctly priced. Based on the CAPM, what is the expected return on the market? intermediate calculations. Round the final answers to $2$ decimal places.$)$

$\backslash$table$[[,$Expected Return on Market$],[$Pete Corp.,$\%$