Currently, the risk-free return is 2 percent, and the expected market rate of return is 12 percent. What is the expected return of the following three-stock portfolio? to two decimal places. % Investment $350,000 250,000 400,000 Beta 1.0 0.3 2.9

Currently, the risk-free retum is 2 percent, and the expected market rate of return is 12 percent. What is the expected return of the following three-stock portfolio? to two decimal places. to two dramat phaces? \begin{tabular}{cc} trrestmont & neta \\ \hline 350,000 & 1.0 \\ 250,000 & 0.3 \\ 400,000 & 2.9 \end{tabular}