An investor puts 42.00% of his investment into Cisco Systems, and the remaining 58.00% into Apple Computer. The expected return on Cisco Systems stock is 11.00% this year, while the expected return on Apple Computer is 12.00%. Find the expected portfolio return for this investor.

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))