Question $1$

$5pts$

Centex Energy has a beta of $1\mathrm{.}17.$ Assume that risk$-$free rate and the expected rate of return on the market are $2\%$ and $12\%$ respectively. According to the capital asset pricing model $($CAPM$),$ what is the expected rate of return for this company's stock?

Your answer should be between $11\mathrm{.}45$ and $18\mathrm{.}55,$ rounded to $2$ decimal places, with no special characters.