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Bernie, John, and Ted run mutual funds. The expected return on Bernie's portfolio is 12% while the expected return on John's portfolio is 6%. Single-factor

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Bernie, John, and Ted run mutual funds. The expected return on Bernie's portfolio is 12% while the expected return on John's portfolio is 6%. Single-factor model estimates Portfolio Factor 1 Beta Bernie 4.0 John 1.0 Ted 2.0 According to a single-factor model, what is the expected return on Ted's portfolio? O 21.0% 10.0% 9.5% O 8.0% O 11.4%

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