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A stock has a beta of 0 . 9 and an expected return of 9 percent. A risk - free asset currently earns 4 percent.

A stock has a beta of 0.9 and an expected return of 9 percent. A risk-free asset currently earns 4 percent.
a. What is the expected return on a portfolio that is equally invested in the two assets?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
\table[[Answer is complete and correct.],[Expected return,6.50,%
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