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A portfolio consists of the following four stocks in the table. Stock Current Market Value Expected Return A $180000 8% B 145000 10% C 452000

A portfolio consists of the following four stocks in the table.

Stock Current Market Value Expected Return
A $180000 8%
B 145000 10%
C 452000 16%
D 223000 5%
$1000000

What is the expected return of the portfolio? Do not round intermediate calculations. Round the answer to two decimal places.

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