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You own a portfolio that is 38% invested in Stock X, 22% in Stock Y,...

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Finance

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You own a portfolio that is 38% invested in Stock X, 22% in Stock Y, and 40% in Stock Z. The expected returns on these three stocks are 10%, 15%, and 12%, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Portfolio expected return

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