Question $15$

You own a portfolio that has $$3,026$ invested in Stock A and $$4,300$ invested in Stock B$.$ Assume the

expected returns on these stocks are $12$ percent and $18$ percent, respectively.

Required:

What is the expected return on the portfolio? $($Do not include the percent sign $(\%).$ Round your

answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$