Your client, Bo Regard, holds a complete portfolio that consists of a portfolio of risky assets (P) and T-Bills. The information below refers to these assets.

E ( R p )	12.00%
Standard Deviation of P	7.20%
T-Bill rate	3.60%
Proportion of Complete Portfolio in P	80%
Proportion of Complete Portfolio in T-Bills	20%
Composition of P:
Stock A	40.00%
Stock B	25.00%
Stock C	35.00%
Total	100.00%

What is the expected return on Bo's complete portfolio?

A:10.32%

B:8.44%

C:5.28%

D:7.58%

E:9.62%