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A portfolio is invested 20% in shares of Glenorchy Ltd, 35% in shares of June Ltd and 45% in shares of Kaikohe Ltd. The expected

A portfolio is invested 20% in shares of Glenorchy Ltd, 35% in shares of June Ltd and 45% in shares of Kaikohe Ltd. The expected returns on these shares are 9.6%, 10.9% and 14.3%. what is the portfolios expected return? How do you interpret your answer?

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