You decide to form a portfolio of the following amounts invested in the following stocks. What is the expected return of the portfolio?

SET YOUR CALCULATOR TO $4$ DECIMAL PLACES THEN INPUT THE NUMBER AS PERCENTAGE ROUNDING TO $2$ DECIMALS. DO NOT ENTER THE $\%$ SYMBOL..i$.$e$.$ if your answer is $7\mathrm{.}7711\%,$ enter it as $7\mathrm{.}77.$

Stock

Amount

Beta

Expected Return

Apple

$$3,605$

$2\mathrm{.}40$

$10\mathrm{.}50\%$

Microsoft

$$9,077$

$0\mathrm{.}73$

$16\mathrm{.}90\%$

Ford

$$8,139$

$1\mathrm{.}95$

$15\mathrm{.}75\%$

Time Warner

$$7,488$

$1\mathrm{.}27$

$11\mathrm{.}80\%$