An investor owns a portfolio of $38,700 that contains $9,675 in stock A, with an expected return of 11.3 percent; $12,900 in bonds, with an expected return of 7.3 percent; and the rest in stock B, with an expected return of 19.3 percent. Calculate the expected return of the portfolio. (Round intermediate calculations and the final answer to 2 decimal places, e.g. 15.25%.)