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Your retirement portfolio comprises 300 shares of the S&P 500 fund (SPY) and 100 shares of iShares Barclays Aggregate Bond Fund (AGG). The price of

Your retirement portfolio comprises 300 shares of the S&P 500 fund (SPY) and 100 shares of iShares Barclays Aggregate Bond Fund (AGG). The price of SPY is

$136

and that of AGG is

$98.

If you expect the return on SPY to be

14%

in the next year and the return on AGG to be

7%,

what is the expected return for your retirement portfolio?

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