Question: You have a portfolio of two stocks held in equal weights. The ABC stock has a beta of 1.3, and the XYZ stock has a beta of -0.7. The risk free rate is 3% and the market risk premium is 9%. What is the return on the portfolio? Enter as a percent and round to the nearest hundredth of a percent. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.