Question: Problem 1 3 - 3 Portfolio Expected Return ( LO 1 ) You own a portfolio that is 2 8 % invested in Stock X

Problem 13-3 Portfolio Expected Return (LO1)
You own a portfolio that is 28% invested in Stock X,25% in Stock Y, and 47% in Stock Z. The expected returns on these three stocks are 10%,16%, 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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