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Consider the following two-security portfolio comprised of: Item Value Weight in Security A 0.56 Expected return on Security A 0.23 Expected return on Security B

Consider the following two-security portfolio comprised of:

Item Value
Weight in Security A 0.56
Expected return on Security A 0.23
Expected return on Security B 0.05
Standard deviation of Security A 0.16
Standard deviation of Security B 0.27
Correlation of returns on Security A and Security B 0.19

If the weight of Security B is 1 - weight of security A, the portfolio expected return is equal to ____________. Report your answer to four decimal places (e.g., 1.2345).

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