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An investor has a retirement portfolio comprised of 3 assets: cash, bonds and stocks. The asset allocation (weights) of the retirement portfolio is as follows:

An investor has a retirement portfolio comprised of 3 assets: cash, bonds and stocks.

The asset allocation (weights) of the retirement portfolio is as follows: Cash: 13%, Bonds: 12%, and the rest is Stocks.

The expected returns of the assets in the retirement portfolio:

Asset Expected Return (E(R))
Cash 2.35%
Bond 4.84%
Stock 8.77%

What is the expected return for this portfolio?

Enter the answer as a decimal (with 2 decimal places). For example 8% = 0.08.

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