If the standard reduction potential is \( E^\circ \left( \text{Mg}^{2+}_{\text{(aq)}} \mid \text{Mg}_{\text{(s)}} \right) = -2.37 \, \text{V} \), then what is the electrode potential for the following reaction at \( 298 \, \text{K} \)?
\[ \text{Mg}_{\text{(s)}} \longrightarrow \text{Mg}^{2+}_{\text{(aq)}}(0.01\,\text{M}) + 2e^- \]