A diversified portfolio is composed of the following five stocks:

StockPriceShares heldBeta

A$72,0001.2

B$203,0000.5

C$101,0001.3

D$304,0000.8

E$155,0001.2

F$52,0001.05

If the CAPM holds and the expected return on the market is 18%,the market portfolio's standard deviation is 12%,and the expected risk-free rate is 7%,what is the expected risk-premium on this 6-stock portfolio?

Show your full work,including the formulas you are using to get credit and underline your final answer.