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The risk-free return is 3.2% and the market risk premium is 13.2%. What is the expected return for the following portfolio? (State your answer in

The risk-free return is 3.2% and the market risk premium is 13.2%. What is the expected return for the following portfolio? (State your answer in percent with two decimal places.)

Stock Beta Investment

AAA 3.1 $700,000

BBB 2.3 $1,000,000

CCC 1.9 $1,700,000

DDD 0.8 $1,000,000

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