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

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.