The market risk premium is $6\%$ and the risk$-$free rate is $2\mathrm{.}7\%.$ The beta of the stock is $0\mathrm{.}47.$ What is the required return of the stock? Enter you answer as a

percentage. Do not include a percent sign in your answer. Enter your answer rounded to $2$ DECIMAL PLACES.

This question has $2$ parts $($i$.$e$.,$ you will be clicking "Verify" twice$).$

Enter your reponse below.

$\%$

Click "Verify" to proceed to the next part of the question.

Section Attempt $1$ of $1$