A portfolio is invested 28 percent in stock g 43 percent in, Financial Management

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A portfolio is invested 28 percent in stock g 43 percent in

A portfolio is invested 28 percent in Stock G, 43 percent in Stock J, and 29 percent in Stock K. The expected returns on these stocks are 10 percent, 12.5 percent, and 17.9 percent, respectively.

What is the portfolio’s expected return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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