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Suppose you forma portfolio consisting of $23,000 invested in a mutual fund with beta of 2, $32,000 invested in Treasury securities (assume risk-free) and $28,000

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Suppose you forma portfolio consisting of $23,000 invested in a mutual fund with beta of 2, $32,000 invested in Treasury securities (assume risk-free) and $28,000 invested in an index fund tracking the market. Expected market risk premium is 5.9%. Risk.free rate is 1.2%. What is the expected return of this portfolio according to the CAPM? Answer in percent, rounded to one decimal place

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