Problem 13-8 Calculating Expected Returns [LO1]

A portfolio is invested 14 percent in Stock G, 55 percent in Stock J, and 31 percent in Stock K. The expected returns on these stocks are 8 percent, 14 percent, and 19 percent, respectively. What is the portfolio's expected return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return

% ?