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A portfolio manager is holding the following investments Stock X Y Z Amount Invested $48 million 60 million 12 million Expected rate of return 6%

A portfolio manager is holding the following investments Stock X Y Z Amount Invested $48 million 60 million 12 million Expected rate of return 6% 8% 10% What is the expected return on this three-asset portfolio? 8.0% 8.5% 7.4%

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