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You own a portfolio that has $1,600 invested in Stock A and $1,600 invested in Stock B. If the expected returns on these stocks are

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You own a portfolio that has $1,600 invested in Stock A and $1,600 invested in Stock B. If the expected returns on these stocks are 12 percent and 12 percent, respectively, the expected return on the portfolio is percent. (Do not include the percent sign (%). Round your answer to 2 decimal place. (e.g., 32.16)

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