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You own a portfolio that is 34% invested in Stock X, 24% in Stock Y, and 42% in Stock Z. The expected returns on these

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You own a portfolio that is 34% invested in Stock X, 24% in Stock Y, and 42% in Stock Z. The expected returns on these three stocks are 7%, 20%, and 16%, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Portfolio expected return 1%

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