Question $3$

A stock has a beta of $1\mathrm{.}46,$ the expected return on the market is $15$ percent, and the riskfree rate is $4\mathrm{.}42$ percent. What must the market risk premium on this stock be$?$

$($Do not round any intermediate calculations. List your answer as a percent, round your final answer to $2$ decimal places and enter it in the box below.$)$