A Portfolio Is Entirely Invested into Buzz's Bauxite Boring Equity

Multiple Choice

A portfolio is entirely invested into Buzz's Bauxite Boring Equity, which is expected to return 16%, and Zum's bonds, which are expected to return 8%.60% of the funds are invested in Buzz's and the
Rest in Zum's.What is the expected return on the portfolio?

A) 6.4%
B) 9.6%
C) 12.8%
D) 24.2%
E) Need additional information.