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Problem 8-04 Consider a $63,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Expected Return 6% Investment $ 3,000

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Problem 8-04 Consider a $63,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Expected Return 6% Investment $ 3,000 5,000 55,000 B 16 What is the weighted average expected return on the portfolio? Round your answer to one decimal place

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