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P 12-2 (book/static) Question Help Fremont Enterprises has an expected return of 15% and Laurelhurst News has an expected return of 20%. If you put

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P 12-2 (book/static) Question Help Fremont Enterprises has an expected return of 15% and Laurelhurst News has an expected return of 20%. If you put 70% of your portfolio in Laurelhurst and 30% 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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