You own a portfolio that has $2,000 invested in stock A and $3,100 invested in stock Z. If the expected returns on these stocks are 12% percent and 13% percent respectively, what is the expected return on the portfolio?

Stock A $ value$2,000

Stock AE(R) 12.00%

Stock Z $ value $3,100

Stock ZE(R) 13.00%

13.79%

15.20%

11.21%

12.61%