The expected returns on these stocks are 6 percent 12, Financial Management

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The expected returns on these stocks are 6 percent 12

A portfolio is invested 10 percent in Stock G, 52 percent in Stock J, and 38 percent in Stock K. The expected returns on these stocks are 6 percent, 12 percent, and 16 percent, respectively. What is the portfolio's expected return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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