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. 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: Answer 13.11% Suggestions: The expected return of an asset is the sum of the probability of each state occurring times the rate of return if that state occurs. So, the expected return of the asset is: E(R) = ...................... + ....................... + ............................... E(R) = ..................................................