Suppose the risk$-$free return is $5\mathrm{.}49\%$ and the market portfolio has an expected return of $8\mathrm{.}21\%$ and a standard deviation

of $14\mathrm{.}93\%.$ Pepsico stock has a beta of $0\mathrm{.}65.$ What is its expected return?

The expected return of Pepsico stock is

$\%.($Round to two decimal places.$)$