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You own a portfolio consisting of five securities as follows: Security Number of shares Price/share Expected Return A 200 $ 16.00 18.60% B 300 $

You own a portfolio consisting of five securities as follows:

Security Number of shares Price/share Expected Return
A 200 $ 16.00 18.60%
B 300 $ 12.00 12.10%
C 400 $ 14.00 7.20%
D 500 $ 10.00 11.70%
E 600 $ 20.00 24.30%

What is the expected return of this portfolio?

(Round your answer to the nearest hundredth; two decimal places)

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