Problem $13-13$ Using CAPM $[$LO$4]$

A stock has a beta of $1\mathrm{.}36,$ the expected return on the market is $10$ percent, and the risk$-$free rate is $2\mathrm{.}5$ percent. What must the expected return on this stock be$?$

Note: Do not round intermedlate calculations and enter your answer as a percent rounded to $2$ decimal places, e$\mathrm{.}9.32\mathrm{.}15.$

Expected rehum