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1. Fremont Enterprises has an expected return of 14% and Laurelhurst News has an expected return of 19%. If you put 43% of your portfolio

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Fremont Enterprises has an expected return of 14% and Laurelhurst News has an expected return of 19%. If you put 43% of your portfolio in Laurelhurst and 57% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is % (Rounded to two decimal places.)

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