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Expected Return for a portfolio David Brown has $20.159.00 invested in American Cyanamid, $18.055.00 in Gannett Company, and $15,439.00 in Texas International. If American Cyanamid
Expected Return for a portfolio David Brown has $20.159.00 invested in American Cyanamid, $18.055.00 in Gannett Company, and $15,439.00 in Texas International. If American Cyanamid has an expected return of 21.21%, Gannett an expected return of 15.89%, and Texas International an expected return of 24.77%, what is the portfolio's expected return? (Answer the number of percentage, eg, if your answer is 10%, answer to in the answering area. Do not round intermediate calculations. Round your answer to 2 decimal places)
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