Consider a portfolio consisting of the following three stocks:

	Portfolio Weight	Volatility	Correlation with the Market Portfolio
HEC	0.25	12%	0.8
Midget	0.35	25%	0.6
Well	0.4	13%	0.5

The volatility of the market portfolio is 10% and it has an expected return of 8%. The risk-free rate is 3%.

calculate the expected return of the portfolio.

Group of answer choices

7.32%

8.13%

6.35%

9.65%