"There are two independent factors in the economy, F1 and F2, and the betas for Portfolio X on these factors are 1 and 2 respectively. For Portfolio Y, the betas on the two factors are 2 and 1 respectively. The expected returns of X and Y are 6.5% and 7% respectively. If the risk-free rate is 3%, what is the expected return of Portfolio Z that has beta of 3 on F1 and beta of 2 on F2?" 04.50% O 9.50% O 10.00% O None of the above