Suppose that the Treasury bill rate is 4% and the expected return on the market stays at 9%. Use the following information.

Stock	Beta
Caterpillar	1.72
Dow Chemical	1.51
Ford	1.34
Microsoft	.92
Apple	.93
Johnson & Johnson	.61
Walmart	.57
Campbell Soup	.29
Consolidated Edison	.19
Newmont	.00

a. Calculate the expected return from Johnson & Johnson. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)