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An investor splits her $150,000 budget between four stocks: A, B, C, and D. Specifically, she invests $50,000 of her budget in stock A, $30,000

An investor splits her $150,000 budget between four stocks: A, B, C, and D. Specifically, she invests $50,000 of her budget in stock A, $30,000 in stock B, and the remaining portion of her investment budget was equally split between stocks C and D. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a standard deviation of return of 20%. Stock C has an expected return of 18% and a standard deviation of return of 20%. Stock D has an expected return of 14% and a standard deviation of return of 5%. The correlation coefficient between the returns of A and B is .4. The risk-free rate of return is 5%. What is the expected return on the risky portfolio is?

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