A portfolio consists of $16,000 in Stock M and $25,400 invested in Stock N. The expected return on these stocks is 9.30 percent and 12.90 percent, respectively. What is the expected return on the portfolio?

A) 11.51%

B) 12.20%

C) 9.80%

D) 11.10%

E 10.69%

A portfolio consists of $16,000 in Stock M and $25,400 invested in Stock N. The expected return on these stocks is 9.30 percent and 12.90 percent, respectively. What is the expected return on the nortfolin