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An investment advisor has recommended a $ 1 0 0 , 0 0 0 portfolio containing assets R , J , and K ; $

An investment advisor has recommended a $100,000 portfolio containing assets R,J, and K; $60,000 will be invested in asset R, with an expected annual return of 15 percent; $25,000 will be invested in asset J, with an expected annual return of 4 percent; and $15,000 will be invested in asset K, with an expected annual return of 8 percent. The expected annual return of this portfolio is
-
12.6%
11.6%
11.8%
14.3%
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