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You've invested $3,600 in Stock Arbuckle and $4,600 invested in Stock Roscoe. The expected returns on these stocks are 10 percent and 13 percent, respectively.

You've invested $3,600 in Stock Arbuckle and $4,600 invested in Stock Roscoe. The expected returns on these stocks are 10 percent and 13 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 return %

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