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You own a portfolio that has $2,000 invested in Stock A and $3,650 invested in Stock B. If the expected returns on these stocks are

You own a portfolio that has $2,000 invested in Stock A and $3,650 invested in Stock B. If the expected returns on these stocks are 12 percent and 16 percent, respectively, what is the expected return on the portfolio?(Do not round your intermediate calculations.)

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