Problem 13-8 Calculating Expected Returns (L01) A portfolio is invested 12 percent in Stock G, 52 percent in Stock J, and 36 percent in Stock K. The expected returns on these stocks are 10 percent, 16 percent, and 20 percent, respectively. What is the portfolio's expected return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return