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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

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, 11.1 percent, and 13.8 percent, respectively.

What is the portfolio's expected return? How do you interpret your answer?

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