Currently, the risk-free return is 3 percent, and the expected market rate of return is 9 percent. What is the

expected return of the following three-stock portfolio?

(NOTE: The expected market rate of return is 9%, and this is NOT the market risk premium.)

Amount Invested Beta

$350,000 1.0

$250,000 0.2

$400,000 2.5

Please show your work, thanks. :)