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Problem 9-10 A portfolio consists of the following four stocks in the table. Stock Current Market Value Expected Return A $180000 8% B 145000 10%

Problem 9-10

A portfolio consists of the following four stocks in the table.

Stock Current Market Value Expected Return
A $180000 8%
B 145000 10%
C 452000 17%
D 223000 5%
$1000000

What is the expected return of the portfolio? Do not round intermediate calculations. Round the answer to two decimal places.

%

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