4. Faisal invested 40% of his portfolio into an investment with an anticipated return of 12% and 60% of his portfolio into an investment with an expected return of 20%. What is the expected return on Faisals portfolio?

Faisal invested 40% of his portfolio into an investment with an anticipated return of 12% and 60% of his portfolio into an investment with an expected return of 20%. What is the expected return on Faisal's portfolio? (2 Marks) (Show your calculations)