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David Brown has $29,500.00 invested in American Cyanamid. $19,639.00 in Gannett Company, and $27106.00 in Texas International. If American Cyanomid has an expected return of

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David Brown has $29,500.00 invested in American Cyanamid. $19,639.00 in Gannett Company, and $27106.00 in Texas International. If American Cyanomid has an expected return of 23,64% Gannett an expected return of 26.42%, and Texas International an expected retum of 23.02%, what is the portfolio's expected return? (Answer the number of percentage, 0.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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