You own a portfolio that has $2,200 invested in Stock A and $3,650 invested in Stock B. If the expected returns on these stocks are 8 percent and 15 percent, respectively, what is the expected return on the portfolio?(Do not round your intermediate calculations.)

Multiple Choice

• 10.63%

• 12.61%

• 11.50%

• 12.99%

• 12.37%