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You own a portfolio that is invested 30% in Share KK, 30% in Share NN and 40% in Share ZZ. The expected returns on these

You own a portfolio that is invested 30% in Share KK, 30% in Share NN and 40% in Share ZZ. The expected returns on these three shares are 9%, 15% and 12%, respectively. What is the expected return on the portfolio?

a.

14%

b.

10%

c.

11%

d.

12%

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