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The following returns have been estimated for Security T and S: ScenarioSecurity TSecurity S 120%10% 213%-6% 315%20% Each scenario is equally likely to occur, and
The following returns have been estimated for Security T and S:
ScenarioSecurity TSecurity S
120%10%
213%-6%
315%20%
Each scenario is equally likely to occur, and you plan to invest 70% in Security T and 30% in Security S.
Refer to the information above.What is the expected return of the portfolio?Round your answer to the nearest tenth of a percent.
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