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You own a portfolio that is 2 4 percent invested in Stock x , 3 9 percent in Stock Y , and 3 7 percent

You own a portfolio that is 24 percent invested in Stock x,39 percent in Stock Y, and 37 percent in Stock Z. The expected returns on these three stocks are 10 percent, 13 percent, and 15 percent, respectively. What is the expected return on the portfolio? (Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 declmal places, e.g.,3210.)
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