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You have been asked to determine the rate of return on a portfolio. You have invested 17% of your wealth in stock 1. You have

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You have been asked to determine the rate of return on a portfolio. You have invested 17% of your wealth in stock 1. You have invested 31% of your wealth in stock 2. You have invested the rest of your wealth in stock 3. Stock 1 has an expected return of 9.2%, stock 2 has an expected return of 10.6% and stock 3 has an expected return of 15.9%. What is expected return on the portfolio? Your answer should be shown as a percentage and it should be accurate to two decimal places

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