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Suppose Autodesk stock has a beta of 2.17 , whereas Costco stock has a beta of 0.76 . If the risk-free interest rate is 6.5%

image text in transcribed Suppose Autodesk stock has a beta of 2.17 , whereas Costco stock has a beta of 0.76 . If the risk-free interest rate is 6.5% and the expected return of the market portfolio is 12.5%, what is the expected return of a portfolio that consists of 60% Autodesk stock and 40% Costco stock, according to the CAPM? The expected return is \%. (Round to two decimal places.)

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