You own a portfolio that is 16 percent invested in Stock X. 31 percent m Stock Y. art 53 percent in Stow 2 The expected return on these three stocks are 9 percent 12 percent. and 14 percent. respectively What is the expected return on the portfolio? (Do not round Intermediate calculations and enter your answer at a percent rounds to 2 decimal places, e.g., 32.16.) Expected return on the portfolio %