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Your portfolio has an expected return of 11.60%. The portfolio includes two stocks. The first stock has a weight of 0.70 and the second has

Your portfolio has an expected return of 11.60%. The portfolio includes two stocks. The first stock has a weight of 0.70 and the second has a weight of 0.30. If the expected return on the first stock is 11%, then what is the expected return on the second stock in percentage terms?

  • 14%

  • 12%

  • 13%

  • 11%

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