Your portfolio has three asset classes. U.S. government T-bills account for 45% of the portfolio, large-company stocks constitute another 36%, and small-company stocks make up the remaining 19%.

If the expected returns are 2.02% for the T-bills, 8.96% for the large-company stocks, and 14.77% for the small-company stocks, what is the expected return of the portfolio?

The expected return of the portfolio is ?%. (Round to two decimal places.)