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Fairmont Enterprises has an expected return of 15%, and Laval News has an expected return of 21%. If you put 52% of your portfolio in

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Fairmont Enterprises has an expected return of 15%, and Laval News has an expected return of 21%. If you put 52% of your portfolio in Laval and 48% in Fairmont, what is the expected return of your portfolio? Expected return on the portfolio is %. (Round to two decimal places.)

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