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A portfolio consists of $18,000 in Stock M and $30,400 invested in Stock N. The expected return on these stocks is 10.30 percent and 13.90

A portfolio consists of $18,000 in Stock M and $30,400 invested in Stock N. The expected return on these stocks is 10.30 percent and 13.90 percent, respectively. What is the expected return on the portfolio?

Multiple Choice 10.67% 12.56% 12.10% 13.23% 11.64%

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