Problem $13-27$ SML $($LO$4)$

Suppose you observe the following situation:

$\backslash$table$[[$Security$,$Beta,Expected Return$],[$Pete Corp.,$1\mathrm{.}40,0\mathrm{.}150],[$Repete Co$.,1\mathrm{.}09,0\mathrm{.}123]]$

Assume these securities are correctly priced. Based on the CAPM, what is the expected return on the market? $($Do not round intermediate calculations. Round the final answers to $2$ decimal places.$)$

$\backslash$table$[[$Pete Corp.,Expected Return on Market$],[$Repete Co$.,\%$