What is the portfolios expected, Financial Management

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What is the portfolios expected

A portfolio is invested 15 percent in Stock G, 30 percent in Stock J, and 55 percent in Stock K. The expected returns on these stocks are 10.5 percent, 13 percent, and 18.4 percent, respectively.

What is the portfolio’s expected return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return

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