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Fremont Enterprises has an expected return of 16% and Laurelhurst News has an expected return of 19%. If you put 66% of your portfolio in

Fremont Enterprises has an expected return of 16% and Laurelhurst News has an expected return of 19%. If you put 66% of your portfolio in Laurelhurst and 34%

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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