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You have $55,000. You put 19,00% of your money in a stock with an expected retum of 10%,537,000 in a slock with an expected retum
You have $55,000. You put 19,00% of your money in a stock with an expected retum of 10%,537,000 in a slock with an expected retum of 15%, and the rest in as stock with an expectind ratum of 21%. What is the expected return of your portfolio? The expected return of your portfolio is k. (Round to two decimal places.)
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