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You own $ 2 2 , 2 8 0 of Denny's Corporation stock that has a beta of 3 . 2 6 . You also

You own $22,280 of Denny's Corporation stock that has a beta of 3.26. You also own $26,736 of Qwest Communications (beta =1.97)
and $6,684 of Southwest Airlines (beta =0.95). Assume that the market return will be 12.0 percent and the risk-free rate is 6.0 percent.
What is the risk premium of the portfolio?
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
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