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Suppose the risk-free rate is 4.1 percent and the market portfolio has an expected return of 12.6 percent. The market portfolio has a variance of

Suppose the risk-free rate is 4.1 percent and the market portfolio has an expected return of 12.6 percent. The market portfolio has a variance of 0.0465. Portfolio Z has a correlation coefficient with the market of 0.36 and a variance of 0.1831.

According to the CAPM, what is the expected return on portfolio Z? (Round your answer to 2 decimal places. Do not round your intermediate calculations.)

Expected return= %

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