Your portfolio has three asset classes. U.S. government T-bills account for

46%

of the portfolio, large-company stocks constitute another

38%,

and small-company stocks make up the remaining

16%.

If the expected returns are

4.49%

for the T-bills,

12.49%

for the large-company stocks, and

17.62%

for the small-company stocks, what is the expected return of the portfolio?