An investor has an $80,000 portfolio of which $60,000 has been invested in Stock A and the remainder in Stock B. Other characteristics of the portfolio are as follows Stock A Stock B E(RA ) = A = 2.3% E(RB ) = B = 5.1% A = 23.82% B = 7.54% Cov(RA,RB ) = AB = 11.20% How much is the expected return of the portfolio?

Select one: a. 1.5 b. 2.8 c. 3.0 d. 3.3