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Suppose Autodesk stock has a beta of 2.30 , whereas Costco stock has a beta of 0.70 . If the risk-free interest rate is 4.5%

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Suppose Autodesk stock has a beta of 2.30 , whereas Costco stock has a beta of 0.70 . If the risk-free interest rate is 4.5% and the expected return of the market portfolio is 14.0%, what is the expected return of a portiolio that consists of 70% Autodesk stock and 30% Costco stock, according to the CAPM? The expected refurn is *. (Round to two decimal places.)

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