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David Brown has $22,426.00 invested in American Cyanamid, $22,382.00 in Gannett Company, and $17,498.00 in Texas International. If American Cyanamid has an expected return of
David Brown has $22,426.00 invested in American Cyanamid, $22,382.00 in Gannett Company, and $17,498.00 in Texas International. If American Cyanamid has an expected return of 16.21%, Gannett an expected return of 26.38%, and Texas International an expected return of 18.22%, 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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