Suppose you observe the following situation:

Security Beta Expected Return

Pete Corporation $1\mathrm{.}40\mathrm{.}150$

Repete Company $\mathrm{.}90\mathrm{.}115$

Assume these securities are correctly priced. Based on the CAPM, what is the expected return on the market?

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

What is the risk$-$free rate?

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