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A portfolio is invested 25 percent in Stock G, 40 percent in Stock J, and 35 percent in Stock K. The expected returns on these stocks are 8.5 percent, 11 percent, and 16.4 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.)

Financial Management, Finance

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