Consider the following actively managed investor's portfolio and a relevant benchmark. Period Start Weights Period Returns Investor Benchmark Investor Benchmark Equity 0.6 0.5 10% 12% Bond 0.4 0.5 4% 5% The equity beta of investor's portfolio is 1.2 and bond beta of investor's portfolio is 0.06. Assume risk free rate is 4% and risk premium is 3% for the period. What is the expected return of investor's portfolio using implied views (CAPM)? (rounded to two decimal places) Select one: a. 5.55% b. 5.98% c. 6.23% d. 8.56% e. None of the above