Problem 8-19 Evaluating risk and return

Stock X has a 9.5% expected return, a beta coefficient of 0.8, and a 30% standard deviation of expected returns. Stock Y has a 12.5% expected return, a beta coefficient of 1.2, and a 20.0% standard deviation. The risk-free rate is 6%, and the market risk premium is 5%.

Calculate each stock's required rate of return. Round your answers to two decimal places. rx = 10% ry = 12% Calculate the required return of a portfolio that has $6,000 invested in Stock X and $8,000 invested in Stock Y. Do not round intermediate calculations. Round your answer to two decimal places.

rp = ??????????????%