You invest 50% of your money in security A with a beta of 1.6 and the rest of your money in security B with a beta of 0.7. The risk-free rate is 3% and the expected return on the market portfolio is 12%.

The expected return of your portfolio is a. 13.35. b. 11.40. c. 12.40. d. 10.35. e. 14.80.