Question $1$

Given the following regarding a share of stock and the overall market:

The risk$-$free rate of return is $2\mathrm{.}2\%$

The beta of the stock is $2\mathrm{.}11$

The expected return of the stock is $7\%$

What is the expected risk premium of the market?

$($Answer to the nearest $0\mathrm{.}01\%)$