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You own a portfolio that has $1,800 invested in Stock A and $2,900 invested in Stock B. Assume the expected returns on these stocks are

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You own a portfolio that has $1,800 invested in Stock A and $2,900 invested in Stock B. Assume the expected returns on these stocks are 9 percent and 15 percent, respectively. Required: What is the expected return on the portfolio? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

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