Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest the borrowed amount along with your initial wealth in a market portfolio with an expected return of 13 percent and a standard deviation of returns of 24 percent. The risk-free asset has an interest rate of 3 percent.

What is the expected return on the resulting portfolio?

Group of answer choices

23 percent

26 percent

10 percent

29 percent

16 percent