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A portfolio is invested 21 percent in Stock G, 36 percent in Stock J, and 43 percent in Stock K. The expected returns on these

A portfolio is invested 21 percent in Stock G, 36 percent in Stock J, and 43 percent in Stock K. The expected returns on these stocks are 9 percent, 11.5 percent, and 16.9 percent, respectively.

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

Expected return %

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