Required: Using Table 5.3 as your guide, what is your estimate of the expected annual HPR on the market index stock portfolio if the current risk- free interest rate is 4.8%? (Round your answer to 2 decimal places.)

TABLE 5.3 Risk and return of investments in major asset classes, 19272018 Average Risk premium Standard deviation T-bills 3.38 na 3.12 14.71 -0.02 T-bonds 5.83 2.45 11.59 41.68 -25.96 Stocks 11.72 8.34 20.05 57.35 -44.04 min Problem 5-9 (Algo) Required: Using table as your guide, what is youlestimate of the expected annual HPR on the marketindex stock portfolio ir the current treesate 487(Round your answer to 2 decimal places) Answer is complete but not entirely correct. 107