Question: If Microsoft stockholders expect either a 25.5% return or a 2.1% return, each with a 50% probability, and Apple Computer shareholders expect a 9.3% return

If Microsoft stockholders expect either a 25.5% return or a 2.1%

If Microsoft stockholders expect either a 25.5% return or a 2.1% return, each with a 50% probability, and Apple Computer shareholders expect a 9.3% return with certainty, what is the expected return from a portfolio comprised of equal amounts of stock from both firms? The expected return on the portfolio is %. (Round to two decimal places.)

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