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Assume that Badger Manufacturing sells 4,845 bonds and the bonds have an expected return of 4.4% with a variance of 13%. You decide to put

Assume that Badger Manufacturing sells 4,845 bonds and the bonds have an expected return of 4.4% with a variance of 13%. You decide to put 41% of your wealth in these Badger Manufacturing bonds, and the rest in GE stock which has an expected return of 10.9% and a variance of 38%. The covariance between Badger bonds and GE stock is 0.08. What is the expected return on your new portfolio? Enter your answer without the % symbol. For example, if your answer is 15.2%, enter 15.2.

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