Fairmont Enterprises has an expected return of

20 %

,

and Laval News has an expected return of

19 %

.

If you put

48 %

of your portfolio in Laval and

52 %

in Fairmont, what is the expected return of your portfolio?

Question content area bottom

Part 1

Expected return on the portfolio is

enter your response here

%.

(Round to two decimal places.)