Suppose you observe the following situation:

Security	Beta	Expected Return
Pete Corp	1.40	.150
Repete Co.	1.09	.123

Assume these securities are correctly priced. Based on the CAPM, what is the expected return on the market? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return on market %

What is the risk-free rate? Risk free rate %

Please show all work and calculations!