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Eric Poppovich invests money in two stocks for the upcoming year. His investment is shown below: STOCK: # of shares Price Per Share Expected Return

Eric Poppovich invests money in two stocks for the upcoming year. His investment is shown below:

STOCK: # of shares Price Per Share Expected Return Standard Deviation
LBJ Corporation (A) 41.00 $37.98 5.00% 16.00%
Duncan Inc. (B) 29.00 $50.43 8.00% 22.00%

The correlation between LBJ and Duncan is 0.50.

What is the expected return for the portfolio in the coming year?

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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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