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 ROUND TO $2$ DECIMALS. DO NOT ENTER THE $\%$ SYMBOL..i$.$e$.$ if your answer is $7\mathrm{.}7722\%,$ enter it as $7\mathrm{.}77$

Stock

Amount

Beta

Expected Return

Apple

$$8,000$

$2\mathrm{.}40$

$14\mathrm{.}93\%$

Microsoft

$$6,000$

$0\mathrm{.}73$

$19\mathrm{.}9\%$

Ford

$$4,000$

$1\mathrm{.}95$

$17\mathrm{.}62\%$

Time Warner

$$2,000$

$1\mathrm{.}27$

$11\mathrm{.}07\%$