An Investment Advisor is building an investment portfolio for her client using 3 securities only. The advisor has invested $30,000 in security X that has an expected return of 8%, $40,000 in security Y which has an expected return of 17%, and $30,000 in security Z which has an expected return of 10%. Based on this information, what is the expected return of this portfolio?

Select one:

a. 17%

b. None of the answers are correct

c. 12.2%

d. 10%

e. 8%