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A portfolio is invested 2 0 percent in Stock G , 3 5 percent in Stock J , and 4 5 percent in Stock K

A portfolio is invested 20 percent in Stock G,35 percent in Stock J, and 45 percent in Stock K. The expected returns on these stocks are 9.2 percent, 12 percent, and 15.7 percent, respectively.
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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).)

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