Chapters $11$ and $12$: CAPM Two Assets

RocketLab stock has a beta of $0\mathrm{.}9$ and the market risk premium is $7\mathrm{.}1\%.$ A risk$-$free asset

currently earns $3\mathrm{.}6$ percent. If one were to build a portfolio using $50\%$ RocketLab stock

and $50\%$ the risk$-$free asset, what is the expected return of the portfolio?

Do not round intermediate steps.

Note: Enter your number with THREE decimals and without the percentage. That is$,$ if

your answer is $20\mathrm{.}28\%,$ enter $\mathrm{.}203.$