Calculate the expected returns for the two portfolios.

Round your answer to the nearest hundredth of a percent.

Scenario Portfolio J Portfolio M

1 3% -1%

2 12% 0%

3 14% 15%

4 16% 25%

Question 2 options:

	E(rJ) = 9.00%; E(rM) = 9.75%
	E(rJ) = 11.25%; E(rM) = 9.75%
	E(rJ) = 15.00%; E(rM) =10.25%
	none of the above