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You own a portfolio that is 20 percent invested in Stock X, 35 percent in Stock Y, and 45 percent in Stock Z. The expected

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You own a portfolio that is 20 percent invested in Stock X, 35 percent in Stock Y, and 45 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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %

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