A portfolio is invested 26 percent in Stock G, 41 percent in Stock J, and 33 percent in Stock K. The expected returns on these stocks are 9 percent, 11.5 percent, and 16.9 percent, respectively.
Required:
What is the portfolio’s expected return? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)