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You own a portfolio that is 32 percent invested in Stock X, 18 percent in Stock Y, and 50 percent in Stock Z. The expected

You own a portfolio that is 32 percent invested in Stock X, 18 percent in Stock Y, and 50 percent in Stock Z. The expected returns on these three stocks are 12 percent, 18 percent, and 14 percent, respectively. What is the expected return on the portfolio?

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