There are 3 answer choices here, falling between the range of 7-9%. If you give me any answer outside of this range it will be downvoted and reported! Make sure your answer includes two decimal places

Your client has a risk aversion of A=3 when applied to return on wealth over a 1 year horizon. She is looking at two portfolios: The S\&P 500 with a Risk Premium of 8% and a standard Deviation of 20%. A Hedge Fund with a Risk Premium of 12% and a standard Deviation of 35% There is an annual correlation of .6200 Use this data for problems \#12 - \#16 \begin{tabular}{|l|l|l|} \hline Fund & Risk Premium & STDEV \\ \hline S\&P 500 & 0.0800 & 0.2000 \\ \hline Hedge & 0.1200 & 0.3500 \\ \hline Correlation & 0.6200 & \\ \hline Risk Aversion A & 3.00 & \\ \hline \end{tabular} What is the Expected Return of this Portfolio? Expected Portfolio Return =( Weight of S\&P*RiskPremium S\&P ) + (Weight of Hedge*RiskPremium Hedge)