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The expected returns on Stock X, Stock Y, and Stock Z are 12%, 22%, and 18%, respectively. Assume a portfolio is 48% invested in Stock

The expected returns on Stock X, Stock Y, and Stock Z are 12%, 22%, and 18%, respectively. Assume a portfolio is 48% invested in Stock X, 32% invested in Stock Y, and 20% invested in Stock Z. What is this portfolio's expected return?

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