If the expected returns on these stocks are 8 percent and, Financial Management

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If the expected returns on these stocks are 8 percent and

You own a portfolio that has $3,000 invested in Stock A and $4,000 invested in Stock B. If the expected returns on these stocks are 8 percent and 11 percent, respectively, what is the expected return on the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Portfolio expected return %

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