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A portfolio is invested 4 5 percent in Stock G , 4 0 percent in Stock J , and 1 5 percent in Stock K

A portfolio is invested 45 percent in Stock G,40 percent in Stock J, and 15 percent in Stock K. The expected returns on these stocks are 11 percent, 9 percent, and 15 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.)

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