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You own a portfolio that is 1 5 percent invested in Stock X , 3 0 percent in Stock Y , and 5 5 percent

You own a portfolio that is 15 percent invested in Stock X,30 percent in Stock Y, and 55 percent in Stock Z. The expected returns on these three stocks are 8 percent, 11 percent, and 13 percent, respectively. What is the expected return on the portfolio?

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