You wish to create a complete portfolio with 12 % in T-Bills and the rest in a risky portfolio. The risky portfolio is has 69 % in stocks and the rest in bonds.

	E(r)	Std	Beta
T-Bills	1.2 %
Stocks	22.8 %	28%	1,4
Bonds	6.4 %	6%	0,2

What is the complete portfolio expected return? Please convert your answer to percentage points and use two decimal points in your answer. If your answer for example is 0.0592 = 5.92 %, then please write 5.92 as your answer.

Also remember that you need to use a dot and not a comma to represent your decimal separator.