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You own a portfolio that has $2,400 invested in Stock A and $3,400 invested in...

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Finance

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You own a portfolio that has $2,400 invested in Stock A and $3,400 invested in Stock B. If the expected returns on these stocks are 9 percent and 12 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.) Portfolio expected return %

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