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Reddie, Mcdonald & Griffiths Inc. has a risk-free rate of 5% and a market risk premium of 8%. The company's portfolio consists of the following

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Reddie, Mcdonald & Griffiths Inc. has a risk-free rate of 5% and a market risk premium of 8%. The company's portfolio consists of the following assets: Assets Beta Investments X 4 150M Y 3.5 350M Determine the company's risk premium (Give your answer as a percentage to 2dp i.e XX.XX%). (1 mark)

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