Your portfolio has three asset classes. U.S. government T-bills account for 46% of the portfolio, large-company stocks constitute another 39%, and small-company stocks make up the remaining 15%. If the expected returns are 3.49% for the T-bills, 11.53% for the large-company stocks, and 15.95% 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.)