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

You own a portfolio that is 35 percent invested in Stock X, 20 percent in Stock Y, and 45 percent in Stock Z. The expected return on these three stocks are 8 percent, 16 percent, and 11 percent respectively. What is the expected return on the portfolio?

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