You hold three stocks in a portfolio to reduced risk. The following information is known about each stock. Stock J has a weight of 34%, a beta of 1.25, and a return of 8%. Stock K has a weight of 49%, a beta of 1.1, and a return of 11%. Stock L has a weight of 17%, a beta of.95, and a return of 13%. What is the expected return on the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.) Expected return % What formula did you use to calculate this return? (Write the number from your formula sheet that you used in this calculation) Formula number