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Consider a $34,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Investment Expected Return A $ 9,000 13 %

Consider a $34,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Investment Expected Return A $ 9,000 13 % B 5,000 8 C 20,000 25 What is the weighted-average expected return on the portfolio? Round your answer to one decimal place. %

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