Pino has invested $$2$ million as follows: $$1$ million invested in stock ABC and $$1$ million invested in stock $xYZ.$ The expected return of ABC stock is $$1\mathrm{.}05$ on each dollar invested with standard deviation of $7$ cents $=0\mathrm{.}07$$$.$ Similarly, he believes that the expected return of $xYZ$ stock is $$1\mathrm{.}03$ on each dollar invested with standard deviation of $3$cents $=0\mathrm{.}03$$$.$ The correlation between returns of ABC stock and returns of $xYZ$ stock is $0\mathrm{.}75.$

Question $4$

$1$ pts

What is the expected return of