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Fremont Enterprises has an expected return of 16 % and Laurelhurst News has an expected return of 20%. If you put 45 %of your portfolio
Fremont Enterprises has an expected return of 16 % and Laurelhurst News has an expected return of 20%. If you put 45 %of your portfolio in Laurelhurst and 55 % 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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