HW17-8)

Rogelios portfolio is worth 70,700 dollars and has three stocks. It has 18,500 dollars of stock A, which has an expected return of 6.77 percent; it has 1,400 shares of stock B, which has a share price of 9 dollars and an expected return of 8.99 percent; and it has some stock C, which has an expected return of 15.86 percent. What is the expected return of Rogelios portfolio? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.