You own a portfolio that is invested 32 percent in Stock A, 43 percent in Stock B, and the remainder in Stock C. The expected returns on stocks A, B, and C are 11.5 percent, 15.2 percent, and 8.8 percent, respectively. What is the expected return on the portfolio?

• 11.71 percent

• 12.18 percent

• 12.83 percent

• 12.42 percent

• 12.49 percent

• 11.71 percent

• 12.18 percent

• 12.83 percent

• 12.42 percent

• 12.49 percent