You own a portfolio that is 35 percent invested in Stock X, 45 percent in Stock Y,
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Question:
| You own a portfolio that is 35 percent invested in Stock X, 45 percent in Stock Y, and 20 percent in Stock Z. The expected returns on these three stocks are 10 percent, 13 percent, and 15 percent, respectively. |
| Required: |
| What is the expected return on the portfolio? |
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