Suppose the global market portfolio of risky assets consists of $50 trillion market capitalization of stocks and $50 trillion outstanding market value of long term bonds. The risk free rate is 1% and the mean return of the long term bonds portfolio is 3%. The returns of stocks and bonds are uncorrelated. The volatility of bonds is 5% and the volatility of stocks is 16%. For CAPM to hold, what is the mean return of stocks? (To nearest 0.01%. Write e.g. 2.45 for 2.45%)