A stock has an expected return of 14 percent, a beta of 1.65, and the expected return on the market is 11.2 percent. What must the risk-free rate be? (Do not round intermediate calculations. Enter...

A stock has an expected return of 14 percent, a beta of 1.65, and the expected return on the market is 11.2 percent. What must the risk-free rate be?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)


Risk-free rate             %