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	0

Find the lowest expected return that is offered by one of these stocks. (Do not round intermediate calculations. Enter your answer as a percent rounded to the nearest whole number.)