There are only two securities $($ABC and XYZ$,$ no risk free asset$)$ in the market. Expected returns and standard deviations are as follows:

Stock Expected Return $($in $\%)$ Standard Deviation $($in $\%)$

ABC $2217$

XYZ $1234$

Your portfolio consists of $54\%$ ABC and $46\%$ XYZ$.$ Report all answers with two decimal points of precision.

$($a$)$ Suppose the correlation between returns on ABC and XYZ is $0\mathrm{.}9.$

What is the expected return on the portfolio?