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Problem 8-04 Consider a $55,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Investment Expected Return A $ 5,000

Problem 8-04

Consider a $55,000 portfolio consisting of three stocks. Their values and expected returns are as follows:

Stock Investment Expected Return
A $ 5,000 7 %
B 15,000 8
C 35,000 11

What is the weighted-average expected return on the portfolio? Round your answer to one decimal place.

%

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