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The expected return and standard deviation of Stock 1 are 6% and 10%, respectively. The expected return and standard deviation of Stock 2 are 22%

The expected return and standard deviation of Stock 1 are 6% and 10%, respectively. The expected return and standard deviation of Stock 2 are 22% and 35%, respectively. The covariance between the two stock returns is 0.0035. Consider a portfolio that invests 60% in Stock 1 and the rest in Stock 2.

What is the expected return on the portfolio?

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