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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
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? The answer should be given as a percentage.
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