You own a portfolio that has $2,150 invested in Stock A and $3,050 invested in Stock B. If the expected returns on these stocks are 9 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

• 12.53%

• 11.93%

• 12.17%

• 11.50%

• 11.07%