You own a portfolio that has $1,700 invested in Stock A and $3,250 invested in Stock B. If the expected returns on these stocks are 12 percent and 14 percent, respectively, what is the expected return on the portfolio?(Do not round your intermediate calculations.)

rev: 09_20_2012

Multiple Choice

• 13.98%

• 13.31%

• 13.58%

• 12.69%

• 13.00%