Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows $6$ through $8.$ The required answer is in row$14.$

A stock has an expected return of $10\mathrm{.}45$ percent, its beta is$\mathrm{.}85,$ and the expected return on the market is $11\mathrm{.}8$ percent. What must the risk$-$free$$rate be$?$

Input area:

Stock E$($R$)10\mathrm{.}45\%$

Stock beta $0\mathrm{.}85$

Market E$($R$)11\mathrm{.}80\%$

$($Use cells A$6$ to B$8$ from the given information to complete this question.$)$

Output area:

Risk$-$free $$

Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.

Nothing in this area will be graded, but it will be submitted with your assignment.