Rice Fund has invested $600 million in the following five stocks: Stock AT&T EXXON GE IBM SEARS Investment (millions) -5 100 200 50 150 100 Stock Beta 0.67 0.76 1.11 0.85 1.41 The risk-free rate is 7%, and the return of the market index has the following probability distribution for the next period: Probability 0.1 0.5 0.25 0.1 0.05 Return (%) 10 16 25 40 What is the expected return of the Rice Fund portfolio? Show your work.

Rice Fund has invested $600 million in the following five stocks: The risk-free rate is 7%, and the return of the market index has the followin What is the expected return of the Rice Fund portfolio? Show your work