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You own a portfolio that is 40 percent invested in Stock X, 25 percent in Stock Y, and 35 percent in Stock Z. The expected

You own a portfolio that is 40 percent invested in Stock X, 25 percent in Stock Y, and 35 percent in Stock Z. The expected returns on these three stocks are 11 percent, 20 percent, and 16 percent, respectively. What is the expected return on the portfolio?

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