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UPS, a delivery services company, has a beta of 0.94, and Wal-Mart has a beta of 2.48. The risk-free interest rate is 5.3%, and the
UPS, a delivery services company, has a beta of 0.94, and Wal-Mart has a beta of 2.48. The risk-free interest rate is 5.3%, and the market risk premium is 6.6%. What is the expected return on a portfolio with 23% of its money in UPS and the balance in Wal-Mart? Please input your response in percent rounded to two decimal places without the percent sign
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