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please assist Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC:

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Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC: 5 percent, 15 percent, 20 percent, MC: 8 percent, 8 percent, 20 percent. If FC and MC are combined into a portfolio with 50 percent of the funds invested in each stock, calculate the expected return on the portfolio. Mutiple Choice 12 percent to percerit npercent

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