Question You are given the following information about two assets, X and Y. Asset Y Expected return 12% 15% Variance of return 0.3% 0.35% The returns of these two assets are known to be independent. James invests 40% of his money in asset X and the rest in asset Y. Determine the expected return of his portfolio. Possible Answers A 12% B 13% C 14% D 15% E 16%