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You own a portfolio that has 3000 invested in stock a and

You own a portfolio that has $3,000 invested in Stock A and $4,100 invested in Stock B. Assume the expected returns on these stocks are 10 percent and 16 percent, respectively.

Required:

What is the expected return on the portfolio? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Expected return on the portfolio %

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Financial Management: You own a portfolio that has 3000 invested in stock a and

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Financial Management: You own a portfolio that has 3000 invested in stock a and

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