The? risk-free rate is 4.3?% and you believe that the? S&P 500's excess return will be

11.9?% over the next year. If you invest in a stock with a beta of

1.2 ?(and a standard deviation of 30?%), what is your best guess as to its expected excess return over the next? year?

The expected excess return over the next year is ____%.

?(Round to two decimal? places.)