You own a portfolio of three stocks; A, B and C. The market price per share and number of shares you own of each stock are indicated in the table below. The beta of each stock is also given. Stock Price ($/share) Number of Shares beta A $56 1000 0.8 B $78 2000 1.2 $24 3000 1.3 If the risk free rate is 2% and the expected return on the market is 8%, what is the expected return on the portfolio? 13.31 6.70% 5.94% 8.88% 10.21%