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Your portfolio is comprised of Stocks A, B, and C. 20 percent of your portfolio is invested in Stock A, 40 percent in Stock B,

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Your portfolio is comprised of Stocks A, B, and C. 20 percent of your portfolio is invested in Stock A, 40 percent in Stock B, and 50 percent in Stock C. The expected returns on these three stocks are 9 percent, 12 percent, and 8 percent, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Multiple Choice 8.50% 9.67% 9.10% 8.67%

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