Question $9(5$ points$)$

Do not do any interim rounding, calculate values to at least $6$ decimal places before

converting to a percentage, state answers as a percentage to $2$ decimal places, do

not include labels $(\%,$ $$).$ For example, $.06487$ should be input as $6\mathrm{.}49$

Consider the following information about expected returns for two

securities$,$ Ravenwood Consulting and Brody Enterprises.

The expected return for a portfolio invested $60\%$ in Ravenwood and $40\%$ in Brody is: