You are considering investing in a portfolio consisting of 40% Melbourne Sports and 60% Buckstar. If the expected rate of return on Melbourne Sports is 16% and the expected return on Buckstar is 9%,...

You are considering investing in a portfolio consisting of 40% Melbourne Sports and 60% Buckstar. If the expected rate of return on Melbourne Sports is 16% and the expected return on Buckstar is 9%, what is the expected return on the portfolio?

A. 12.50%

B. 13.20%