A portfolio is invested 18 percent in Stock G, 33 percent in Stock J, and 49 percent in Stock K. The expected returns on these stocks are 9 percent, 11.5 percent, and 16.9 percent, respectively.

Required:

What is the portfolios expected return? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Expected return

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