Expected excess return Reading 24 example 5 solution 3

What is the answer to this portion of solution 3 Equation ?

-(.5*1%*60%)

.5*.01*.60 this doesn’t agree with the solution

thx

got it

(2.75)(0.5)−(2.25−2.75)(5)−(0.5)(1)(0.6)

=3.575