Question: David Brown has $ 2 6 , 4 7 7 . 0 0 invested in American Cyanamid, $ 1 8 , 3 8 6 .

David Brown has $26,477.00 invested in American Cyanamid, $18,386.00 in Gannett Company, and $17,655.00 in Texas International. If American Cyanamid has an expected return of 19.48%, Gannett an expected return of 20.39%, and Texas International an expected return of 20.59%, what is the portfolio's expected return? (Answer the number of percentage, e.g, if your answer is 10%, answer 10 in the answering area. Do not round intermediate calculations. Round your answer to 2 decimal places.)
 David Brown has $26,477.00 invested in American Cyanamid, $18,386.00 in Gannett

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