Question

Consider a $45,000 portfolio consisting of three stocks. Their values and expected returns are as follows:...

Consider a $45,000 portfolio consisting of three stocks. Their values and expected returns are as follows:

Stock Investment Expected Return
A $ 5,000 14 %
B 20,000 8
C 20,000 15

What is the weighted-average expected return on the portfolio? Round your answer to one decimal place.

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