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A portfolio is invested 16 percent in Stock G, 56 percent in Stock J, and 28 percent in Stock K. The expected returns on these
A portfolio is invested 16 percent in Stock G, 56 percent in Stock J, and 28 percent in Stock K. The expected returns on these stocks are 8 percent, 14 percent, and 18 percent, respectively. What is the portfolio's expected return? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Portfolio's expected return %
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