Suppose the risk-free return is 3.3% and the market portfolio has an expected retum of 8.3% and a standard deviation of 16%. Johnson \& Johnson Corporation stock has a beta of 0.77 . What is its expected return? The expected return is %. (Round to two decimal places.) Suppose the risk-free return is 3.3% and the market portfolio has an expected retum of 8.3% and a standard deviation of 16%. Johnson \& Johnson Corporation stock has a beta of 0.77 . What is its expected return? The expected return is %. (Round to two decimal places.)