Question: Problem 13-3 Portfolio Expected Return [LO1] You own a portfolio that is 32 percent invested in Stock X. 20 percent in Stock Y, and 48

Problem 13-3 Portfolio Expected Return [LO1] You own a portfolio that is 32 percent invested in Stock X. 20 percent in Stock Y, and 48 percent in Stock Z. The expected returns on these three stocks are 6 percent, 19 percent, and 15 percent, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Portfolio expected return % es

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