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A portfolio consists of three stocks. There are 540 shares of Stock A valued at $24.20 share. 300 shares of Stock B valued at $48.10

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A portfolio consists of three stocks. There are 540 shares of Stock A valued at $24.20 share. 300 shares of Stock B valued at $48.10 a share, and 200 shares of Stock C priced at $26.50 a share. Stocks A, B, and C are expected to return 8.3 percent 16.4 percent, and 11.7 percent, respectively. What is the expected return on this portfolio? 12.50% 11.67% 11.87% 12.47% 12.78%

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