An investor has the following portfolio:You are given the following information of three portfolios over the last year.

The risk$-$free rate of interest is $4\mathrm{.}0\%$ and the equity risk $($or market risk$)$ premium is $5\mathrm{.}0\%.$

What is the required return for portfolios $A?$

$12\%$

$11\%$

$10\%$