Consider two asset classes: Stocks and Bonds. You estimate the following parameters for these two asset class funds. correlation matrix b/n Stocks and Bonds

E(r) sd(r) Stocks Bonds Stocks 12% 10% 1 0.2 Bonds 4% 4% 0.2 1

Consider a $110,000 portfolio consisting of $30,000 in Stocks and $80,000 in Bonds. So, the portfolio is 27.3% in Stocks and 72.7% in Bonds. What is the expected dollar value of the portfolio in a year? (use 2 decimals without $, so $10.00 is 10.00)