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You own a portfolio that is 36 percent invested in Stock X, 20 percent invested in Stock Y, and the rest invested in stock Z.

You own a portfolio that is 36 percent invested in Stock X, 20 percent invested in Stock Y, and the rest invested in stock Z. The expected returns on these three stocks are 12 percent, 15 percent, and 13 percent, respectively. What is the expected return on the portfolio?

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