You've invested

$2,800

in Stock Arbuckle and

$3,800

invested in Stock Roscoe. The expected returns on these stocks are 8 percent and 11 percent, respectively. Calculate the expected return on the portfolio. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)\ Portfolio expected

You've invested $2,800 in Stock Arbuckle and $3,800 invested in Stock Roscoe. The expected returns on these stocks are 8 percent and 11 percent, respectively. Calculate the expected return on the portfolio. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)