Suppose you observe the following situation:

$\backslash$table$[[$Security$,$Beta,$\backslash$table$[[$Expected$],[$Return$]]],[$Peat Company,$1\mathrm{.}20,11\mathrm{.}60],[$Re$-$Peat Company,$0\mathrm{.}70,9\mathrm{.}80]]$

Assume these securities are correctly priced. Based on the CAPM, what is the expected return on the market? What is the risk$-$free rate?

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.

Answer is complete but not entirely correct.

$\backslash$table$[[$Expected return on market,$9\mathrm{.}80,\%$