Problem $11-16$ Using CAPM $[$LO $4]$

A stock has an expected return of $12\mathrm{.}6$ percent and a beta of $1\mathrm{.}17,$ and the expected return on the market is $11\mathrm{.}6$ percent. What must the risk$-$free rate be$?$

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Risk$-$free rat