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You own a portfolio that has $3,145 invested in Stock A and $4,300 invested in Stock B. Assume the expected returns on these stocks are

You own a portfolio that has $3,145 invested in Stock A and $4,300 invested in Stock B. Assume the expected returns on these stocks are 12 percent and 18 percent, respectively.

Required:What is the expected return on the portfolio?(Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

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