Suppose Autodesk stock has a beta of 2.15,
Suppose Autodesk stock has a beta of 2.15, whereas Costco stock has a beta
of 0.75 If the risk-free interest rate is 4.5% and the expected return of the market portfolio is 14.0%, what is the expected return of a portfolio that consists of 55% Autodesk stock and 45% Costco stock, according to the CAPM?
The expected return is ———– %. (Round to two decimal places.)