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

A stock has a beta of $1\mathrm{.}12,$ the expected return on the market is $10$ percent, and the riskfree rate is $3$ percent. What must the expected return on this stock be$?($Do not round intermediate colculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Expected return