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Your portfolio has three asset classes. U.S. government T-bills account for 48% of the portfolio, large-company stocks constitute another 32%, and small-company stocks make up
Your portfolio has three asset classes. U.S. government T-bills account for 48% of the portfolio, large-company stocks constitute another 32%, and small-company stocks make up the remaining 20%. If the expected returns are 5.41% for the T-bills, 13.02% for the large-company stocks, and 18.87% 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.)
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