Consider the capital asset pricing model. The market degree of risk aversion, A, is 2.75. The standard deviation of return on the market portfolio is 28%. If the risk-free rate of return is 1.75%, what is the expected return on the market portfolio? Please calculate the market return as a percentage. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
