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You own a portfolio that has $3,700 invested in Stock A and $4,700 invested in Stock B. If the expected returns on these stocks are

You own a portfolio that has $3,700 invested in Stock A and $4,700 invested in Stock B. If the expected returns on these stocks are 9 percent and 12 percent, respectively, what is the expected return on the portfolio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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