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Fremont Enterprises has an expected return of 14% and Laurelhurst News has an expected return of 25%. If you put 55% of your portfolio in

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Fremont Enterprises has an expected return of 14% and Laurelhurst News has an expected return of 25%. If you put 55% of your portfolio in Laurelhurst and 45% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is % (Rounded to two decimal places.)

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