Your portfolio has three asset classes. U.S. government T-bills account for 46% of the portfolio, large-company stocks constitute another 34%, and small-company stocks make up the remaining 20%. If the expected returns are 5.31% for the T-bills, 13.55% for the large-company stocks, and 18.53% for the small-company stocks, what is the expected return of the portfolio?

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Part 1

The expected return of the portfolio is enter your response here%. (Round to two decimal places.)