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You invested your savings in a portfolio of stocks last year. You gained a return on these stocks in the previous year, but you want

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You invested your savings in a portfolio of stocks last year. You gained a return on these stocks in the previous year, but you want to calculate your portfolio's expected return. You learnt in FINM1416 that the expected return is related to the portfolio's risk. The table below summaries some information about your investment portfolio as of today: Stock name Number of shares in Portfolio Share Price (today) Holding period return Beta Standard deviation Xero Ltd 1129 89.64 12% 0.56 13% Woolworths Group Ltd 60 35.11 16.3% 1.26 16% Telstra Corporation Ltd 39 3.94 13.4% 2.96 27% The market risk premium based on historical ASX market returns is 8%. The yield of a 10-year Australian government bond is 1.5%. What is your portfolio's expected return? Enter your answer in a decimal format to six decimal places (0.123456 not 12.3456%)

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