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Suppose Autodesk stock has a beta of 2.40, whereas Costco stock has a beta of 0.75. If the risk-free interest rate is 3% and the

Suppose Autodesk stock has a beta of 2.40, whereas Costco stock has a beta of 0.75. If the risk-free interest rate is 3% and the expected return of the market portfolio is 11.5%, what is the expected return of a portfolio that consists of 70% Autodesk stock and 30% Costco stock, according to the CAPM? The expected return is%. (Round to two decimal places.)

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