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Homework: Chapter 12 Homework Question 5, P 12-28 (similar to) > HW Score: 33.33%, 2 of 6 points O Points: 0 of 1 Save Suppose

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Homework: Chapter 12 Homework Question 5, P 12-28 (similar to) > HW Score: 33.33%, 2 of 6 points O Points: 0 of 1 Save Suppose the risk-free return is 4.8% and the market portfolio has an expected return of 9.8% and a standard deviation of 16%. Johnson & Johnson Corporation stock has a beta of 0.33. What is its expected return? The expected return is %. (Round to two decimal places.)

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