Question 12 4 pts Mike holds a $90,000 portfolio that has an expected return of 11.0% and a beta of 1.20. The risk-free rate is 2%. He plans to add to the portfolio 1,000 shares of Circle Inc. at $10 a share. Circle Inc. has a beta of 1.60. After the purchase of Circle Inc., Mike's portfolio will have an expected return of _ _%. If your answer is 12.34% then input 12.34 in the answer box Previous Next