You have a portfolio that is 31 percent invested in Stock R, 15 percent invested in Stock S, with the remainder in Stock T. The expected return on these stocks is 9.6 percent, 11.0 percent, and 13.3 percent, respectively. What is the expected return on the portfolio?

• 11.30%

• 11.55%

• 11.81%

• 12.33%

• 10.36%