Currently, the risk-free return is 4 percent, and the expected market rate of return is 14 percent. What is the expected return of the following three-stock portfolio? Do not round intermediate...

Currently, the risk-free return is 4 percent, and the expected market rate of return is 14 percent. What is the expected return of the following three-stock portfolio? Do not round intermediate calculations. Round your answer to two decimal places.

Investment	Beta
$	250,000	1.0
	150,000	0.1
	600,000	2.3

_______  %

Extracted text: Currently, the risk-free return is 4 percent, and the expected market rate of return is 14 percent. What is the expected return of the following three-stock portfolio? Do not round intermediate calculations. Round your answer to two decimal places. Investment Beta $250,000 1.0 150,000 0.1 600,000 2.3 %