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Kelly has investments with the following characteristics in her portfolio: Investment In Beta Amount Invested Stock Q . 90 $6 , 000 Stock R 1

Kelly has investments with the following characteristics in her portfolio: 

 Investment In Beta Amount Invested Stock Q .90 $6,000 Stock R 1.8 $12,000 Stock S 1.7 $7,000

Since the risk free rate is 3% and the market risk premium of 4%, what is the expected rate of return of Kelly's investment portfolio?

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