Florida Company $($FC$)$ and Minnesota Company $($MC$)$ are both service companies. Their stock returns for the past three years were as follows: FC: $6$ percont, $16$ percent, $20$ percent, MC: $10$ percent, $10$ percent, $22$ percent. If FC and MC are combined into a portfolio with $50$ percent of the funds invest In orch stock, calculate the expected return on the portfolio.

Multiphe chiolize

$10$ porcens

$13$ percent

$12$ percent

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