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Fremont Enterprises has an expected return of 12% and Laurelhurst News has an expected return of 21%. If you put 58% of your portfolio in

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Fremont Enterprises has an expected return of 12% and Laurelhurst News has an expected return of 21%. If you put 58% of your portfolio in Laurelhurst and 42% in Fremont, what is the expected retum of your portfolio? The expected return on the portfolio is \%. (Rounded to two decimal places.)

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