Question 9 10 points Save Answer Eren purchased 800 shares of Ackerman Corp, stock at $4.95 per share on 1/1/2016. He sold the shares on 12/31/2016 for $6.18. Ackerman stock has a beta of 1.4. The current risk-free rate of return is 3.6%, and the market risk premium is 3%. Based on the CAPM, what is the required return on Ackerman Corp. stock? Submit your answer as a percentage and round to two decimal points (Ex. 0.00%)