A portfolio is invested 12 percent in stock g 52 percent in, Financial Management

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A portfolio is invested 12 percent in stock g 52 percent in

A portfolio is invested 12 percent in Stock G, 52 percent in Stock J, and 36 percent in Stock K. The expected returns on these stocks are 8 percent, 14 percent, and 16 percent, respectively. What is the portfolio's expected return? (Round your answer to 2 decimal places.

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