Assume that the risk-free rate is 6.00% and the market risk premium is 6.75%. What is the expected return for the overall stock market (r M ) ? (Answer as a percent with 2 decimal places. For example,...

Assume that the risk-free rate is 6.00% and the market risk premium is 6.75%.

What is the expected return for the overall stock market (r_M) ?

(Answer as a percent with 2 decimal places. For example, 10 percent should be entered as 10.00. Do not use the % sign.)