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Stock A has an expected return of 12% and a standard deviation of its return of 20%. Stock B has an expected return of 18%

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Stock A has an expected return of 12% and a standard deviation of its return of 20%. Stock B has an expected return of 18% and a standard deviation of its return of 35%. What is the expected return of Portfolio P that holds $1 million of Stock A and $1.5 million of Stock B, assuming a correlation between the two stocks of 0.8? (Please, give your answers in percentages. For example, if you get 0.234078, then write 23.40 in the answer box.)

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