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Fremont Enterprises has an expected return of 1 5 % and Laurelhurst News has an expected return of 2 5 % . If you put

Fremont Enterprises has an expected return of 15% and Laurelhurst News has an expected return
of 25%. If you put 46% of your portfolio in Laurelhurst and 54% in Fremont, what is the expected
return of your portfolio?
The expected return of the portfolio is
%.(Rounded to two decimal places.)
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