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You invested $80,000in the following stocks: Stock ABC DEF GHI JKL Amount 12,000 17,600 12,000 38,400 Beta 0.77 1.17 1.32 1.12 If the risk-free rate

You invested $80,000in the following stocks:

Stock ABC DEF GHI JKL

Amount 12,000 17,600 12,000 38,400

Beta 0.77 1.17 1.32 1.12

If the risk-free rate is4.7percent and the market risk premium is7.7percent, what is the expected return on your portfolio?(Round intermediate calculations to 4 decimal places, e.g. 0.3612 and the final answer to 2 decimal places, e.g. 12.36%.)

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