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The return on US T-Bills is 4% and the risk premium of the S&P 500 is 8%. If a portfolio is equally invested in two

The return on US T-Bills is 4% and the risk premium of the S&P 500 is 8%. If a portfolio is equally invested in two stocks with betas of .8 and 2.0, what is the expected return of the portfolio?

Answers: 15.2, 13.6, 12.8, 14.2 or 14.8?

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