You own a portfolio consisting of the following stocks:

Percentage Expected Stock of Portfolio Beta Return

1 5% 1.20 14%

2 25 0.65 10

3 15 1.00 12

4 20 1.4 16

5 35 0.90 11

The risk-free rate is 3 percent. Also, the expected return on the market portfolio is 13.8 percent.

Calculate the expected return of your portfolio.

Group of answer choices

12.05%

none of these answers

12.6%

11.98%