Question: Leslie Nunamaker owns a portfolio whose market model is expressed as rp = 1.5% + 0.90r1, + pl If the expected return on the market

Leslie Nunamaker owns a portfolio whose market model is expressed as
rp = 1.5% + 0.90r1, + εpl
If the expected return on the market index is 12%, what is the expected return on Leslie's portfolio?

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