Suppose there are three types of investors: Passive investors (75% of the entire investor population); Fad followers who are 20% of the population; and Informed traders who are 5% of the population. Assume that there is a portfolio that consists only informed traders, which has a beta of 1.4 and an expected return of 16%. The market has an expected return of 10% and the risk-free rate is 4%. What is the expected return for the fad follower's portfolio? A) 1.15% B) 12.5% C) 13.6% D) 16.0% E) None of the above