Problem 8-03 A portfolio consists of assets with the following expected returns: Technology stocks 21 % Pharmaceutical stocks 18 Utility stocks Savings account a. What is the expected return on the portfolio if the investor spends an equal amount on each asset? Round your answer to two decimal places. % b. What is the expected return on the portfolio if the investor puts 50 percent of available funds in technology stocks, 15 percent in pharmaceutical stocks, 19 percent in utility stocks, and 16 percent in the savings account? Round your answer to two decimal places. %