What is the return on the market portfolio $(rM),$ when the risk$-$free rate $(rRF)$ is $1\mathrm{.}7\%$

and the market is in equilibrium and if a stock has a beta of $1\mathrm{.}0$ and a required rate of

return of $11\mathrm{.}8\%?$

Show your answer to the nearest $.1\%$ using whole numbers $($e$.$g$.,$ enter $14\mathrm{.}1\%$ as

$14\mathrm{.}1$ rather than $141.$

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