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Fremont Enterprises has an expected return of 12% and Laurelhurst News has an expected return of 20%. If you put 47% of your portfolio in

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Fremont Enterprises has an expected return of 12% and Laurelhurst News has an expected return of 20%. If you put 47% of your portfolio in Laurelhurst and 53% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is 7%. (Rounded to two decimal places.)

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