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David Brown has $29,500.00 invested in American Cyanamid, $16,286.00 in Gannett Company, and $25.390.00 in Texas International. If American Cyanamid has an expected return of
David Brown has \$29,500.00 invested in American Cyanamid, $16,286.00 in Gannett Company, and $25.390.00 in Texas International. If American Cyanamid has an expected return of 28.30%, Gannett an expected return of 18.41%, and Texas International an expected return of 16.32%, 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.) Numeric Response
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