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David Brown has $17,339.00 invested in American Cyanamid, $22,760.00 in Gannett Company, and $24,037.00 in Texas International. If American Cyanamid has an expected return of
David Brown has $17,339.00 invested in American Cyanamid, $22,760.00 in Gannett Company, and $24,037.00 in Texas International. If American Cyanamid has an expected return of 19.46%, Gannett an expected return of 25.52%, and Texas International an expected return of 27.10%, what is the portfolio's expected return? (Answer the number of percentage, e.g, if your answer is 10%, answer 10 in the answering area. Do not round intermediate calculations. Round your answer to 2 decimal places.)
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